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Yen Recovers Even as BOJ Decision Looms
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)