USD/JPY Forecast: Yen strengthening on BOJ's inaction

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 7, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 113.56 View Live Chart for the USD/JPY Yen strengthening on BOJ's inaction. The Japanese yen advanced against most of its major rivals, helped by sliding stocks and an on-hold stance from the BOJ. Governor Kuroda said on Monday that the Central Bank will asset the effects of negative interest rates, suggesting no additional measures are currently planned, whilst maintaining his optimistic outlook for the country's economic outlook. The USD/JPY pair fell down to 113.39

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