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G-7 holds off criticising Japan over yen's drop

This increases possibility BOJ will be emboldened to loosen monetary policy further, pushing currency even lower

SHARP MOVEMENTS: The US is more or less committed to begin tightening monetary policy in coming months, analysts say. That implies the dollar is destined to move higher against the yen and other units in the near term.


JAPAN was let off lightly by its Group of 7 (G-7) partners meeting in Germany last Friday over the sharp and continuing drop in the value of the yen against other key currencies, increasing the possibility that the Bank of Japan (BOJ) will be emboldened to loosen monetary policy

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