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Japan’s Aso: Do not think that new BOJ framework will immediately impact JGB market

The intervention efforts continue, with the Japanese finance minister Aso next on the wires now, via Reuters, commenting on the BOJ new monetary policy framework.

Key Quotes:

Gov’t must tackle structural reform, growth strategy without relying solely on BOJ to spur economy

Do not think that new BOJ framework will immediately impact JGB market

SMA cross inflicts damage to GBP/JPY chart

SMA cross inflicts damage to GBP/JPY chart
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PBOC injects a net 670 bln Yuan this week via OMOs

China’s central bank, the PBOC injected a net 670 bln Yuan for the week via open market operations (OMOs), versus a net 525.1 bln injection last week.
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