The BOJ’s Mizuno is adding his opinions to the debate over Quantative Easing saying that buying bonds to monetise public debt would destabilise the bond market and that it is important that central banks to send message on exit strategy. Looks like a veiled dig at the Fed’s bond buying policy to me. Usd/Jpy is attempting to hurdle the selling interest at 96.85/90 we mentioned earlier as US Bond futures trade only a tick off their lows of the day. Offers are seen again at 97.00 with some stops above there.
BOJ’s Mizuno says that its important for central banks to send message on exit strategy
Source: www.forexlive.com
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