BOJ intervenes to weaken the JPY; investors see this as “not enough”

G10 Advancers and Decliners vs USD
JPY 0.17
GBP -0.03
CHF -0.26
EUR -0.37
The USDJPY pared gains on speculation the BOJ’s decision to introduce more credit-easing measures won’t be enough to weaken the currency from near a 15-year low while the EURJPY also trimmed gains after the bank expanded a corporate loan program by 10 trillion JPY ($116 billion), falling short of expectations it would unveil more steps, such as buying Japanese government debt, to support the…

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Read more on Japanese Yen (JPY), AMEX Oil Industry BRIDGES Basket INDEX (BOJ) at Wikinvest

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