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USD/JPY: BOJ unlikely to ruffle any feathers after last month's whooping

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    It’s a busy time of the month for central bankers, and the BOJ will be the first major central bank to draw traders’ attention this week. After cutting interest rates to -0.1% at its last meeting in January, most analysts expect the BOJ to remain on hold and continue to evaluate the impact of its last move this time around. It’s worth noting that, like the ECB last week, the BOJ’s easing actions did not result in yen weakness as the textbook would dictate; instead, after an initial dip, the

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