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AUD/JPY: which monetary policy will soften sooner? on 12.06.2015

What direction can the pair AUD/JPY choose if both the reserve bank of Australia and the Bank of Japan are aimed at monetary policy easing? After the unexpected comments by the head of the Bank of Japan, Haruhiko Kuroda on Wednesday that the price of the Yen is too low price, when the Yen has strengthened in the market and when the head of the ARB Glenn Stevens said that the key interest rate can be lowered further down, the traders are in the disarray. 


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