Review Right now Japan is pivotal for the financial market. Overnight Nikkei fell once again. At the time of writing this, Nikkei is down by no less than 5%, and for a while it was down by almost 7%. But not only the equity market is caving in. USDJPY is now down by almost 9% since 23 May. The trigger for the steep decline is Fed Chief Ben Bernanke and his speech on 22 May where he stated that the Fed sees a growing probability that it will be begin to reduce its monthly QE earlier than
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Japan sets the agenda