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Market working through BoJ comments as rates remain unchanged

By   || December 18, 2009 at 03:40 GMT
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Rates are unchanged at 0.1% and the easy monetary conditions will remain. Some in the market were expecting additional measures but it’s really a watching brief from a central bank not renowned for being proactive. I would tend to think that the market might now wait and see what Europe does but if anything this might return some of the bearish pressure onto the JPY crosses and USD/JPY.

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