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BoJ Leaves Monetary Policies Unchanged; USD/JPY Drops

posted by Avatar FXTimes 366 days ago in USD, JPY, Fundamental

The Bank of Japan met during the 5/22 Asian session to discuss monetary policy. The market has been pricing in more stimulus even though Shirakawa had spoke again st it. The BoJ added 10 tillion yen to its asset purchase program last month to make it 40 trillion yen, but kept it there this month. The overnight lending rate was also left below 0.1%.
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