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Speculators burnt after BOJ move spurs biggest yen fall since Oct 2014

Tuesday, February 2, 2016 - 05:50

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By a 5-4 vote, Japanese policy makers introduced a rate of minus 0.1 per cent on certain excess holdings of cash.

Tokyo

YEN speculators got burnt again by Bank of Japan governor Haruhiko Kuroda.

The currency held losses against most of its major peers and bond yields dropped to fresh records on Monday after Mr Kuroda unexpectedly announced a negative interest rate strategy on Friday, setting

sentifi.com

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