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Japanese Yen recovers a part of dovish BoJ-inspired losses against US Dollar

From fxstreet.com

The Japanese Yen (JPY) weakened across the board on Tuesday after the Bank of Japan (BoJ) decided to maintain the status quo and stick to its ultra-loose monetary policy settings. The central bank also made no changes to its dovish policy guidance and disappointed some investors’ hopes for a language to signal a near-term shift away from negative interest rates. This, along with the recent risk-on rally across the global equity markets, weighed heavily on the safe-haven JPY and pushed the USD/JPY pair to a four-day high. The strong intraday positive move, however, ran out of steam just ahead of the 145.00 ... (full story)

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  • Category: Fundamental Analysis