BOJ's Masu: BOJ is close to decision to raise rates
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BOJ's Masu indicates that the Bank of Japan is close to deciding on raising interest rates, citing concerns over deeply negative real interest rates. Japan's policy rate is lower than the neutral rate, unlike most countries, including the US. The JPY has weakened due to lower rates, with EURJPY and USDJPY reaching new highs. Technical analysis shows key levels for sellers to regain control.
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