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Trading the BOJ Interest Rate Decision
By Sam Dustin (eToro Blog) The Bank of Japan is expected to announce overnight call rates at its next policy meeting scheduled for October 7. The BOJ is expected to hold rates near zero. Japan is struggling to recover after a devastating earthquake destroyed infrastructure and disrupted supply chains on March 11th. Six months after the event, Japan has slowly brought back some sectors back to pre- March levels but the economy remains fragile. The Japanese Yen is trading near all time high levels making it difficult for Japanese corporations to compete in the global markets. The USD/JPY reached a post war record low ... (full story)