Source: Advanced Currency Markets |
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Since Wednesday’s exceedingly dovish Fed meeting, US bond yields have been under downward pressure and in turn we have seen USDJPY selling off sharply – reversing most of the gains made earlier in the week. This is not the direction that Japanese policymakers want to see the currency pair heading, as their discomfort with yen strength has been apparent for some time. Japanese Prime Minister Noda… | ||||||||||||||||||||
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