The Japanese Yen (JPY) USD/JPY is retesting Y79 today in Asia as the BOJ announce fresh easing measures to help stimulate a faltering recovery. The BOJ is targeting to get inflation back to at least 1.0% and currently we are near deflationary spiral as asset values fail to match CPI gains. EUR/JPY and GBP/JPY are both near recent highs and looking to continue uptrends.
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