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The yen dwindled near the 150 per dollar level on Tuesday but held its ground ahead of a pivotal policy decision from the Bank of Japan (BOJ), while the U.S. dollar towered over its peers as bets for early rate cuts there were trimmed. Rate decisions from the BOJ and the Reserve Bank of Australia (RBA) come under the spotlight in the Asia day, and currency ...
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Hedge funds have cut back their huge bet against the yen ahead of the Bank of Japan's policy decision on Tuesday, but not by much, suggesting they don't believe a landmark interest rate hike would do much to improve the currency's immediate fortunes. The BOJ is expected to deliver its first rate hike in 17 years on Tuesday, bringing the curtain down on ...
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