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Yen Recovers Even as BOJ Decision Looms

From cnbc.com

Investors shrugged off expectations for big, bold stimulus from Japan's central bank on Thursday, as the yen managed to cling onto near one-month highs against the U.S. dollar. The currency last traded at the 93 handle against the dollar, just 0.5 percent shy from Tuesday's near one-month high of 93.5 as market participants turn skeptical if the Bank of Japan (BOJ) can deliver on its promises of open-ended asset purchases. "I think they (BOJ) will disappoint. They're not going to move as fast as the market would like. Kuroda has to deal with a board that was appointed by the previous government and we know that this ... (full story)

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