Yen Skyrockets as BoJ Moves a Step Towards Stimulus Exit, Dollar Staying Firm

<p>Yen was already rallying ahead of BoJ policy decision, and managed to maintain most of its advances, despite some post-announcement jitters. Initial reactions saw some gains pared back as the policy appeared largely unchanged on the surface. However, some key alterations, including the central bank&#8217;s decision to buy 10-year JGB yields at 1% in fixed-rate [&#8230;]</p>
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