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Tuesday, January 9, 2018

USD/JPY retraces higher; erasing some losses from BOJ announcement

January 09, 2018 0 comments
The pair is now up to 112.80 but encounters some key resistance levels The BOJ earlier in the day that they would "taper" bond purchases - but in effect as I mentioned , it's not a change to monetary policy at all (since the BOJ focuses on the YCC policy since its implementation in 2016).
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