OldSchool
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Pound jumps on less dovish than expected BoE minutes; GBP/JPY main beneficiary
It has all been about the Yen over the past couple of weeks. The Japanese currency has been falling viciously on the back of the Bank of Japan’s recent move to expand its asset purchases program, as well as concerns about the health of the world’s third largest economy after it slid into a technical recession in the third quarter. Things went from bad to worse yesterday after Prime Ministe Shinzo Abe called for snap elections. Overnight the Bank of Japan left its policy unchanged as expected but Governor Haruhiko Kuroda sounded a little deflated at his press conference, even admitting that the core CPI could fall ... (full story)
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- Nov 19, 2014 11:27am Nov 19, 2014 11:27am
- Mtav
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- Aussi
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ITS ABOUT THE CASH NOTHING ELSE.