Review… EURJPY: The BoJ and the government are happy about the weakening yet not with the volatility. Overnight the Japanese minister of economic affairs, Amari, stated that the government will cooperate with the BoJ in an attempt to reduce the fluctuations in the FX market. This means that Japan will not only try to control the direction of JPY but also fluctuations. This will take a very active central bank that must be active in the market all the time in respect of buying as well as
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Sell AUDUSD & Buy EURPLN
