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Yen soars against dollar on BoJ policy: Hardy
The Japanese Yen is up against the dollar on market speculation on what the Bank of Japan might do next, says Saxo Bank’s John Hardy.
Remarks from Japanese officials have spurred market expectations of further monetary policy easing, but Hardy doubts the BoJ will act ahead of a G7 meeting in May. And even if the BoJ does act, John says the impact may be limited.
John also looks at the latest FOMC minutes and the market reaction, which he describes as mixed.
01:58 minutes
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