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The dollar rises to its highest level vs. the yen since mid-summer following a surprise move by...
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Friday, February 17, 2012, 3:31 PM ETThe dollar rises to its highest level vs. the yen since mid-summer following a surprise move by the BOJ in which it effectively set an inflation target. As Japanese inflation is currently well below that level, it would imply continued QE until such target is reached. Dollar/yen +4.5% in February to ¥76.46. Japanese shares, EWJ, +3.2% since the announcement.
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