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Because – absent any data whatsoever and nothing but a headline about Aso and Lew having a cozy chat about FX manipulation and The BoJ’s “receptiveness” to buying more ETFs – USDJPY spiked 30 pips at the open, and drum roll please, Nikkei 225 futures went 200 points vertical without blinking an eyelid.
Efficient-markets and price-discovery – don’t you love it?
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