Mar 27, 2013
Forex: USD/JPY peaks at 94.91 on reports about BoJ
The USD/JPY fall to 93.54 low on Monday and moved higher yesterday. Now, the question is if reversal will take place or was it mere correction. Today, the pair extended gains up to 94.91, closer to the 95.00 psychological level, on reports that the BoJ is preparing to merge its two JGB buying programs into one, with the intention of making the scale of the BOJ's easing programs more transparent.
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