Sep
14

Yen Pares Loss as Bank of Japan Refrains From Adding to Stimulus

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The yen pared losses after the Bank of Japan refrained from adding to already unprecedented stimulus at a policy meeting Tuesday.

Demand for the yen increased after central bank Governor Haruhiko Kuroda kept a pledge to expand the monetary base at an annual pace of 80 trillion yen ($666 billion). All but two of the 35 economists surveyed by Bloomberg had predicted policy would be unchanged. Traders are shifting their focus to Kuroda’s briefing at 3:30 p.m. in Tokyo…

Yen Pares Loss as Bank of Japan Refrains From Adding to Stimulus

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