Yen becomes expensive ahead of FOMC and BoJ verdicts

Source: WBP Online
© Reuters

The Japanese Yen spiked on Wednesday, ahead of the FOMC and BoJ meetings. Although no drastic measures are expected from the Fed, various options are open for the BoJ, such as curbing the rates even more into negative territory. Inconsistencies in policy expectations of market participants can lead to excess volatility for the Japanese Yen as well as Nikkei.

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