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Asian Market Update: BOJ Joins the Fed in ZIRP-land with Surprise Cut, USD Consolidates Gains While JPY Recovers After BOJ Selloff

- After an initial media gaffe that flip-flopped regarding the possibility of a Bank of Japan decision delay, Tokyo central bankers delivered a surprise 20bp cut, taking its overnight interest rates down to 0.10%. Vast majority of sources anticipated BOJ …

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Asian Market Update: BOJ Joins the Fed in ZIRP-land with Surprise Cut, USD Consolidates Gains While JPY Recovers After BOJ Selloff

This entry was posted on Friday, December 19th, 2008 at 3:01 am and is filed under Forex, Forex News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Asian Market Update: BOJ Joins the Fed in ZIRP-land with Surprise Cut, USD Consolidates Gains While JPY Recovers After BOJ Selloff”

  1. [...] Asian Market Update: BOJ Joins the Fed in ZIRP-land with Surprise … [...]

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