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Strong JPY likely to lead to further BOJ ease

Strong JPY likely to lead to further BOJ ease

News
Jamie Coleman
04/08/2010 | 12:22 GMT

Japanese 10-year government bond yields fell below 1% for the first time in 7 years overnight.This will likely prompt the BOJ to ease monetary policy is some form or fashion.

USD/JPY is a shade firmer after the ADP report, trading now at 85.65.

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