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Selasa, 26 April 2016

BNP Paribas says EUR/JPY longs make sense into BOJ

Analysts at BNP Paribas say risk-reward favors buying

Anticipation is building ahead of Thursday’s BOJ meeting result, with the JPY weakening sharply this past week in anticipation. A number of wire and newspaper reports in recent days have suggested new measures are under consideration, including possibly further cuts in the BOJ’s IOER rate and potentially moving to a negative rate on BOJ bank lending facilities.





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