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Shock and awe expected from Japan after timid Fed

From tradingfloor.com

By the end of trading in the New York session today, markets had concluded the mid-afternoon statement from the Federal Open Market Committee was neither here nor there or much ado about nothing (choose your Shakespearism). In comparison, many are expecting the double act of Bank of Japan Governor Haruhiko Kuroda and Prime Minister Shinzo Abe to throw everything but the kitchen sink at Japan’s “deflationary mindset” in the next few days, making USDJPY the focus for FX traders.The Federal Reserve continued with its first, do no harm approach to monetary policy, noting that “near-term risks to the economic outlook have ... (full story)

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