BoJ Exits Negative Rates but JPY Falters, USD Bid on Rate Cut Pushback

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BoJ Exits Negative Rates but JPY Falters, USD Bid on Rate Cut Pushback

to drop and has supported the dollar. In simple terms, this means that it is now more expensive to buy Japanese yen with the dollar. The Bank of Japan will still buy bonds in the market to control borrowing costs.As a result of this decision, the value of the dollar compared to the yen has increased and is approaching a previous high. This has also put pressure on thehas not been affected by the stronger dollar and is still trading at a key level.

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