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Yen climbs as Bank of Japan drops the clearest hint of a looming rate hike

From forexlive.com

Bank of Japan board member Hajime Takata threw open the door to an interest rate hike and the end of negative interest rates in Japan. His comments led to a nearly 50 pip drop in USD/JPY, easing the climb from earlier in the week. He stopped short of committing to a change in policy but his comments are the strongest hint yet that officials plan to tighten policy and end negative rates. he said that the achievement of the 2% inflation target was in sight. "It's necessary to consider taking a nimble and flexible response, including on how to exit, or shift gear from the current extremely accommodative monetary ... (full story)

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  • Category: Fundamental Analysis