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Yen gains after Kuroda sticks to negative rate narrative

USDJPY News by Newsroom on 09:10 September 26, 2016 EST
The yen started the trading week strong on Monday in the face of more reassurance by the Bank of Japan to do everything necessary to get inflation back on the rise, including cutting interest rates further into negative territory.

Bank of Japan Governor Hiruhiko Kuroda's commitment to use all tools necessary to get inflation back to its 2-per cent target did little to shift the conviction among bank analysts that Tokyo is increasingly impotent.