27-07-2016 10:31 via news.yahoo.com

FOREX-Yen hit by scale of reported fiscal plan, new bond talk

Reports of a larger than previously expected fiscal stimulus plan for Japan had the yen back on the defensive on Wednesday, as investors bet the Bank of Japan (BOJ) would match that with a new bout of money-printing aimed at weakening its currency. The yen has been buffeted by speculation, repeatedly denied by officials, that the BOJ will take the next step in eight years of emergency policymaking globally by handing money directly to the government with no strings attached. The latest volley in
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