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Breaking: BOJ keeps rates steady, boosts pace of ETF purchases, USD/JPY whipsaws

BOJ leaves rates steady, boosts pace of ETF purchases

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About BOJ Interest Rate Decision

BoJ Interest Rate Decision is announced by the Bank of Japan. Generally, if the BoJ is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the JPY. Likewise, if the BoJ has a dovish view on the Japanese economy and keeps the ongoing interest rate, or cuts the interest rate it is negative, or bearish.

EUR/USD defends Fed rate cut-led gains above 1.1100

EUR/USD is back on the 1.1100 level, defending minor gains amid a stalled rebound in the US dollar across the board, as the US Federal Reserve’s (Fed)
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Japan BoJ Interest Rate Decision in line with expectations (-0.1%)

Japan BoJ Interest Rate Decision in line with expectations (-0.1%)
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