Yen Falls after BoJ Decision, US Bond Investors Hopeful on Treasury’s Plan to Spend ‘Less’

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<p>The Bank of Japan (BoJ) kept interest rates unchanged, redefined the 1% limit on the 10-year JGBP yield as a loose ‘upper bound’ and scrapped its promise to keep that level intact. Alas, the move was less aggressive than expected by the market and sent the yen tumbling. Japanese policymakers’ insistence that they won’t hesitate […]</p>
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