The Australian dollar has firmed, reaching a seven-year high against the Japanese yen ahead of economic data from Australia’s second biggest trading partner.
At 7am (AEDT), the local currency was trading at… 80 more words
What was the Governor of the Bank of Japan thinking about when he decided to shock the financial markets with his aggressive monetary policy decision? In the same week that the Federal Reserve announced the end of its bond purchasing program, the BOJ and Japanese policy makers have decided to inject 80 trillion Yen per year into Japan’s financial system. 335 more words