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Topic Summary

Posted by: krumm
« on: July 15, 2020, 06:12:42 AM »

The dollar has strengthened slightly against the yen. Before the market knows the BOJ meeting results

The US dollar has slightly strengthened against the yen. In trading at today's Tokyo currency exchange market Before investors know the result of the Monetary Policy Conference of the Bank of Japan (BOJ)

The Kyodo news agency reported that at noon today, according to Tokyo time. Movement dollar 107.27-107.30 yen, compared to 107.18-107.28 Yen in the New York market and 107.26-107.28 Yen at the Tokyo market at 17:00 at yesterday's

Euro movement at 1.1402-1.1403 dollars and 122.32-122.33 yen compared $ 1.1395-1.1405 and 122.16-122.26 Yen at the New York market and 1.1331-1.1332 dollars and 121.54-121.58. Yen at the Tokyo market yesterday evening

The Bank of Japan (BOJ) resolved to keep the policy rate at -0.1% and maintain the 10-year government bond yield target at 0% at today's meeting.

In addition, the BOJ has disclosed the economic forecast report. It is expected that the Japanese economy will contract by 4.7% and the Consumer Price Index (CPI) will decrease by 0.5% in fiscal year 2020, which will end in March next year. Due to the effects of the spread of the covid-19 virus

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