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USD/JPY looks to settle lower after BOJ whipsaw

This report leak yesterday changed everything. What looked to be a straightforward BOJ decision day was then made more complicated and basically confirmed that we were to see something substantial today. And boy, did it deliver.The initial reaction earlier was for a weaker yen as the BOJ announced no change to the yield curve control band of +/- 0.50% previously. But the central bank did adjust the settings a bit by shifting the hard ceiling from 0.50% to 1.00% instead.There was perhaps also a b... Read More

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Usd

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Looks

Settle

Lower

After

Whipsaw

Usd jpy

Forex

Posted: Jul 28 2023, 04:32

Author Name: forexlive

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