Quant Fund AlphaSimplex Is Betting Against Yen Despite Intervention Risks

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Quant Fund AlphaSimplex Is Betting Against Yen Despite Intervention Risks
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Quant fund AlphaSimplex Group is sticking to its bet against the yen even after the currency rallied back sharply from a one-year low Tuesday, spurring speculation that Japanese officials stepped in to prop up the currency.

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