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Japan PM Kishida: FX intervention not a contradiction of policy
Intervention does not contradict policy of shifting money away from savings towards investmentBOJ holds ETFs, JGBs as part of monetary policyIt is up to the BOJ to decide whether to sell its ETF holdingsThis is more on the semantics of their policy actions, not so much about what is happening right now. So far, all Japan is offering up is verbal intervention and that's a yellow light to move above the 150.00 mark I would say. Why yellow? Well, it would depend on the pace and steepness of the cli...
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Posted: Oct 26 2023, 04:47
Author Name: forexlive
Views: 112248