Exit with care, investors remind central banks
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London
GLOBAL central banks are being served a sharp reminder by investors that their monetary policy planning carries the potential to roil financial markets in 2018.
A minor tweak in the Bank of Japan's (BOJ) bond-purchase operation on Tuesday saw the yen strengthen more than one per cent in two days. A change in the way that China's central bank manages the yuan sparked losses in that currency while recent hawkish comments from European Central Bank (ECB) officials nudged the euro higher.
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