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USD/JPY: Trend reversal on 11.06.2015

Following the statement made by the head of the Bank of Japan Haruhiko Kuroda in the parliament on Wednesday, the Japanese Yen has grown against the USD. Kuroda said that the real effective exchange rate of the Yen is rather low and the further decline is unlikely. The statement made by Kuroda concerned investors, as weak Yen is good for export-oriented economy and Japanese stocks, although not as much for the consumer. 

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