Bank of Japan is to act according to the outcomes of the FOMC meeting
The meetings of the Fed and the Bank of Japan make investors be focused on the USD/JPY pair. The BoJ has an important advantage, it will announce its decision on monetary policy a few hours after the US regulator, that is, it will see the USD response to the outcomes of the FOMC meeting. The Japanese regulator doesn’t want the yen to strengthen; although investors think that the Bank of Japan has a limited set of tools, Haruhiko Kuroda doesn’t share their opinion. His comment that…
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