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Tokyo Near To Action in JPY?

Tokyo Near To Action in JPY?

6 Years ago | May 22, 2014 00:00:00

With just about the whole world bearish on the JPY and it so far cofounding expectations by firming for the year-to-date, what would it take to force the government to initiate action to weaken the currency,? Could it be the Nikkei? Our thoughts are revealed in the following article.

Before I start the discussion on the JPY, it pays to first take a look at the ECB and how the market forced its hand. Even though ECB members deny they have an exchange rate target, there is no doubt that the value of the EUR has played a role in Mario Draghi’s hint that monetary policy could be eased at the June ECB meeting. The market put the ECB to the test by pushing EURUSD within a hair of 1.40, forcing the central bank to respond to prevent a further appreciatio

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