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Bank of Japan possible interest rate hike in Dec 2006

Posted by Adrian on December 4, 2006

Japan has been in a consumer boom, with low interest rates and a lot of consumer spending. The have paused in November with interest rates, there is speculation that in December the Bank of Japan will lift interest rates.

The Yen has been on a steady depreciation against most currencies, especially the Euro.

If The Bank Of Japan decided to increases in December. The Yen may rally against most currencies.

For FX trading EUR/JPY Stop loss at 155 yen.

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