The Bank of Japan (BoJ) minutes revealed the central bank is encouraged by recent performance of the Japanese economy, and not likely to add more liquidity to the monetary system, meaning decrease the quantitative easing program. The BoJ exhibited a more hawkish stance towards the Yen, supportive of a more conservative fiscal policy and a stronger currency. The Yen is currently trading at 135.35 against the EUR, down 0.18% from yesterday. The Japanese currency is currently at 90.65 against the Dollar, after briefly breaching the 91.00 level yesterday.
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