FOREX-Yen falls in defiance of historic BOJ shift; dollar perky ...Middle East

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FOREX-Yen falls in defiance of historic BOJ shift; dollar perky
source : Devdiscourse ( Middle East ) () 141
The Japanese yen tumbled on Tuesday after the central bank made the momentous, but widely anticipated, decision to end its negative interest rate policy, while the dollar rose ahead of the upcoming Federal Reserve decision on rates. In a historic shift from decades of massive monetary stimulus, the Bank of Japan (BOJ) ended eight years of negative interest rates and other remnants of unorthodox policy at the conclusion of a two-day monetary policy meeting.

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