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USD/JPY jumped sharply higher – Bank of Japan maintains its policy stance

The Bank of Japan held policy steady, no change to sort term rates or YCC.

USD/JPY jumped sharply:

Ultra-loose policy for the BOJ, and tightening elsewhere, has been the driver of a much weaker yen over past years. Speculation has risen in recent weeks that the Bank is nearing a pivot to reduce its policy accommodation. But, as we see from the Bank today, not yet.

 

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Harry Miller is a writer and editor based in Toronto who has Ten years of experience in the journalism industry. Before coming to Canada News Media as a National Online Journalist, Miller worked as a senior writer and a reporter-editor with the Canadian Press and a breaking news reporter with the Toronto Star. Miller currently holds two bachelor’s degrees, one in journalism from Ryerson University and another in communications and film studies from Carleton University.

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