USDJPY Plunges After Bank of Japan surprises BOJ bankofjapan
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The Bank of Japan has announced that it is willing to let the 10-year note increased to 50 basis points, which is a stark departure from what we had seen previously. Speaking of that, it could be part of the culprit for the size of the move. Regardless, it looks like we are going to continue to correct and could find ourselves looking at the ¥125 level before we know it.
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