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JPY review: Western Union

The Bank of Japan makes its monetary policy decision on Tuesday morning and markets expect no change to interest rates. However, Governor Haruhiko Kuroda will give a press conference at around 03:30 and could hint that a…

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EconoTimes — Reading the Times. Understanding the Future.

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  • The Bank of Japan makes its monetary policy decision on Tuesday morning and markets expect no change to interest rates. 

  • However, Governor Haruhiko Kuroda will give a press conference at around 03:30 and could hint that as oil prices decline, the BOJ may have to consider more QE to lift inflation expectations. 

  • The yen has also gained to 2013 peaks against the euro, something the BOJ may want to push back against.

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