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USD/JPY Hits Day's Lowest Levels as JiJi Point to March Meeting Hike

JPY
  • Reuters cite JiJi in reporting that the Bank of Japan are "arranging" to end negative interest rate policy at the March meeting.
  • JPY sees a bout of strength on that headline - hardly new news that a rate hike will be considered, but this appears to point to the March meeting a little more directly. While we await further details, USD/JPY prints a new low at 147.44 before stabilising.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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