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BOJ could surprise the markets by applying negative interest rate

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    USDJPY could spike to 121.40 following BOJ's decision to lower the interest rate to -0.1%, after it has kept it unchanged at 0.1% since Dec. 19, 2008. BOJ said that the negative interest rate will work with the unchanged monetary base expansion pace by 80 trillion yen annually for achieving the price stability target of 2 percent at the earliest possible time. enhance. BOJ said that it will introduce a multiple-tier system which some central banks in Europe have put in place adopting a

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