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USD/JPY: Sellers dominate near 4-day low after BOJ
Even with the BOJ refraining from any policy change, USD/JPY seesaws near multi-day low, around 108.65, during early Thursday. The BOJ met wide market expectations while holding short-term interest rate target at -0.10% with a 10-year Japanese Government Bond (JGB) yield target around zero. However, the Japanese central bank offered more clarity on its forward guidance via the third quarter (Q3) Outlook Report even if it said that the economy likely to grow below potential temporarily and short/long term rates to stay at current/lower levels. Read more: BOJ: Japan economy likely to grow below its potential ... (full story)