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BOJ comments send USD/JPY skidding below 149.50
Since my previous update on the USD/JPY, the dollar has just now lurched lower. The reason for the jolt lower stems from Japanese press reports a moment ago, citing several BOJ members, stating that an abandonment of the current zero/negative interest policy is reasonable. Of course we shall have to wait until March 19, to see it that becomes a reality. Nevertheless, the dollar has reaction immediately to this report by skidding to below 149.50, currently trading at 149.45
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