DailyFX - Forex Market News: Japanese Yen Shocked by Essentially Expected BoJ Stimulus Expansion

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Japanese Yen Shocked by Essentially Expected BoJ Stimulus Expansion Apr 27th 2012, 05:02 We witness some incredibly unusual and choppy price action from the Japanese yen this morning in reaction to the Bank of Japan’s policy decision. There was a fully formed consensus on what would happen with this event – the central bank would fold to government pressure and increase its asset purchases by 5 to 10 trillion yen.

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