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BoJ decision on more stimulus may be a ‘close call’

FXStreet (Córdoba) - According to media reports, Bank of Japan officials will be considering further stimulus at this week’s meeting but the decision might be a ‘close call’.

Falling inflation expectations, sliding oil prices and a reversal in the yen’s declines have put pressure on the BoJ to act. However, BoJ Governor Kuroda gave no hints at further easing and expressed little concerns about China last week in Davos.

US Dollar weaker, deflates to 99.40

The US Dollar Index, which gauges the greenback vs. its main competitors, is surrendering part of the recent upside and returning to the 99.40/35 band...
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EUR/CHF rises to test 1.10

The euro is trading at the strongest level in four months against the Swiss franc and is testing an important psychological level. EUR/CHF broke above 1.0985 and jumped to 1.0999, hitting the highest level since September 14.
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