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JPY Grinds Higher As BoJ Takes Prudent Actions

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jul 29, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The Japanese yen rallied strongly in overnight trading as the BoJ opted for a modest increase in stimulus, disappointing market participants who expected a bolder move. More specifically, investors were expecting the central bank to cut interest rates further into negative territory and to increase the size of its quantitative[​IMG]

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