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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 28/Jan 08:19

BoJ rate hike, safe-haven flows to boost Yen

The EURJPY cross trades in positive territory around 162.55 during the early European session on Tuesday. However, the potential upside of the cross might be limited amid concerns about US President Donald Trump’s trade tariffs and rising speculation about a further Bank of Japan rate hike. The BoJ raised interest rates on Friday by a quarter point to 0.5%, their highest since 2008, as widely expected. BoJ Governor Kazuo Ueda said the central bank will continue hiking if the outlook is realised, adding that there is scope to push up borrowing costs further before they reach levels deemed neutral to

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