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EUR/JPY eyes 145 as ECB and BOJ policy divergence grows
The FX markets continue to dislike the Japanese yen after the Bank of Japan decided against ending its Yield Curve Control at its last policy setting, and thus remained the most dovish major central bank. In contrast, all other major banks have turned hawkish amid high inflation across the globe. Even the European Central Bank is set to raise interest rates for the first time in over a decade. Speaking of, attention has turned to ECB’s Sintra forum. The introductory speech and press conference were delivered by the ECB’s President Christine Lagarde earlier. Fed’s Powell and BoE’s Bailey are set to speak ... (full story)