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BoJ minutes: More easing through longer-dated JGBs, riskier assets an option

Minutes of the BoJ Monetary Policy Meeting on February 13 and 14 have been published, with members still on agreement to pursue aggressive easing to achieve target inflation.

There was a shift of focus by some members towards buying longer dated JGBs (Japanese bonds) as another option to consider down the road. Purchases of risky assets was not discarded either.

With regards to Japan's economic outlook, the minutes note: "Japan's economy appears to stop weakening."

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Forex: EUR/JPY struggling below 126.00

EUR/JPY has moved back to Friday's post-NFP highs, last at 125.94, off 126.02 highs, on the back of Yen weakness. The cross is up +0.78% for the week so far, following rumors of new monetary policy easing measures as soon as next week, when incoming new BoJ chief Kuroda steps into office, Eamonn Sheridan at ForexLive reported, citing an article from Nikkei newspaper. Nikkei index opens above the 12450 points for first time since Sept 2008, up +0.85% for the day so far.
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