Tuesday, October 30, 2012

USD/JPY Plunges as BOJ Easing Falls Short of High Hopes

Dollar/yen took a big dive of 50 pips from nearly 80 to below 79.50 after the decision by the Bank of Japan was released.  The BOJ enlarged the quantitative easing program by 11 trillion yen. Official expectations stood on 10 trillion, but expectations have risen considerably towards the event, pushing the yen higher. Pressure from
Read More... [Source: Forex Crunch - Posted by FreeAutoBlogger]

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