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Forex Flash: BoJ shows very dovish/open-ended commentary - Societe Generale

FXstreet.com (Barcelona) - The BOJ decision, expected to increase bond buying by 50%, has surpassed that after what seems to be a 100% increase and some very dovish/open-ended commentary, says Kit Juckes, head of FX strategy at Societe Generale.

"Will it deliver 2pct inflation on a 2yr time-scale? - am not sure, but I do think the show of commitment is sincere/aggressive and yen bears are right to feel reinvigorated this morning. Nikkei bulls ditto, no doubt. This is the kind of aggressive easing we are used to seeing from the Fed and would just love to see more of from the ECB..." he adds.

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