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BOJ should remain focused on 2 inflation target despite concerns over policy - OECD

Bank of Japan (BOJ) should remain focused on achieving the 2 percent price objective despite concerns over the sustainability of its ultra-easy monetary policy, according to the Organization for Economic Co-operation and Development (OECD).

Key quotes

Essential to maintain the JGB (Japanese government bond) market liquidity.

Premature for the BOJ to focus on the details of the exit strategy.

Purchases are eroding market discipline by rewarding companies simply for being in a major index.

             

EUR/JPY Technical Analysis: Break above the March 20 high needed to solidify Friday's bull breakout

EUR/JPY jumped 0.73 percent on Friday, the biggest single-day rise since Jan. 25, confirming a falling channel breakout or a transition from the beari
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PBOC sets yuan reference rate at 6.7112

The People's Bank of China (PBOC) sets yuan reference rate at 6.7112 vs the previous day's fix of 6.7220.
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