BOJ’s Takata: Japan not in phase to remove yield curve control
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Reuters reported Bank of Japan board member Hajime Takata said in an interview with the Nikkei newspaper published on Saturday that Japan’s economy is not yet in a phase where the central bank can end yield curve control,
He also said there were some positive signs in corporate capital expenditure and wages, according to the Nikkei.
USD/JPY is a resistance area on the daily chart as the bulls move in on the 137.00s. While on the front side of the trend, there is a focus on a downside extension.
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