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Bank of Japan surprises markets with rate hike, Yen hits 4-month high
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The Yen hit a 4-month high as the Bank of Japan hinted at further tightening. The BOJ raised interest rates in a mostly unexpected move on Wed (Jul 31) and unveiled a detailed plan to slow its massive bond buying, taking another step towards phasing out a decade of huge stimulus.
Video: Reuters
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Video: Reuters
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