Has the BoJ Lost Touch with Reality?

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 24, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The Yen briefly pushed to its weakest level in three months last week, thanks to some poor Japanese economic results. An eternally optimistic BoJ, refusing to acknowledge the current recession, held off adding stimulus, so what does that mean for the Yen? The news of Japan slipping back into recession sent the pair charging higher, pushing out the recent six month high. Japanese GDP returned a very poor -0.2% q/q result which came on the back of -0.3% last quarter to confirm the recession. The

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