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Apr 26, 2013
Forex: USD/JPY rebounds from 98.23 low on BoJ outlook report
The market is bouncing from 98.23 low following the BoJ outlook report, indicating a big change in inflation in Japan. The central bank expects +1.4% in FY2014 excluding sales tax and 1.9% in 2015, while 0.7% in 2013. This comes as a big upside move from the previous outlook. The rebound reached 98.80 area.
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