Yen continues Climbs Up – Volatility Alert 7/29/2016

The article originally appeared on Oil-Trading.CO at http://www.oil-trading.co/the-oil-blog/yen-continues-climbs-up-volatility-alert-7292016
BOJ’s Fresh Easing Excludes Bond Purchase Program

The yen surged as much as 2.5 percent versus the dollar after the Bank of Japan refrained from expanding …
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The article originally appeared on Oil-Trading.CO at http://www.oil-trading.co/the-oil-blog/yen-continues-climbs-up-volatility-alert-7292016
BOJ’s Fresh Easing Excludes Bond Purchase Program

The yen surged as much as 2.5 percent versus the dollar after the Bank of Japan refrained from expanding the government bond purchases that have been the mainstay of its unprecedented monetary stimulus.

The Japanese currency advanced against all 31 of its major peers Friday after BOJ Governor Haruhiko Kuroda and his board increased purchases of exchange-traded funds to 6 trillion yen ($58 billion). They left bond buying at 80 trillion yen a year and maintained the minus 0.1 percent rate on some deposits at the central bank.

The yen was 1.5 percent higher at 103.73 per dollar at 7:25 a.m. in London, heading for the biggest gain since the June 24 aftermath of Britain’s vote to exit the E

Read more http://myhealthyeating.eu/yen-continues-climbs-up-volatility-alert-7292016/
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