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Yen bulls spy a ray of hope in BOJ policy hint

From channelnewsasia.com

Investors in Japan's yen have jumped at what they see as the clearest sign yet from the country's monetary authorities that the end of ultra-low interest rates is fast approaching, opening the floodgates to a rush of buyers. The yen surged over 2 per cent to a multi-month high against the dollar on Thursday after Bank of Japan Governor Kazuo Ueda said policy management would "become even more challenging from the year-end and heading into next year" and flagged several options for what could come next. On Wednesday, Deputy Governor Ryozo Himino had discussed the potential impact an exit from ultra-loose monetary ... (full story)

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  • Category: Fundamental Analysis