The Japanese Yen (JPY) the USD/JPY had an extremely volatile trading day up above Y79 before reversing sharply later back to the low Y78 levels. The initial rally was on the back of the BOJ announcing Y10 Trillion more Bond Purchases and removing the minimum yield on long term Bonds that they buy. The market reversed the BOJ led gains when the topside rally failed and the EUR/JPY and AUD/JPY Yen crosses came under pressure.
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