Measuring the Impact After BOJ Holds Negative Rate Policy

The yen strengthened against all its major peers after the Bank of Japan kept its record monetary policy stimulus unchanged and Asian stocks declined, adding to the appeal of haven assets. Japan’s currency rose the most in a week versus the dollar, adding to gains that have made it this year’s best performer among developed-market currencies as hedge funds and other speculators have piled up the most bullish bets since 2008. JPMorgan Asset Management Portfolio Manager Iain Stealey discusses with Bloomberg’s Manus Cranny and Anna Edwards on “Countdown.”

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50:22 - Guests include: Steve Puetz, an independent research analyst, Dan McMahon, Raymond James head of institutional equity trading, and J.W. Mason, CUNY assistant professor. (Source: Bloomberg)
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