Money in Motion

Japan Does What it Threatened, Turkey Surprises

Japan acts to take the yen lower and Turkey resets everything — time for your central bank FX Fix.

Game on: Japan launches a campaign to weaken the yen, and it plummets.[WSJ]

Turkey surprised by cutting its policy rate to an all-time low, and the lira fell. [FT]

Brazil would like to follow suit with the real, but its options are limited. [WSJ]

The euro slipped ahead of today's European Central Bank meeting. []

As expected, the Bank of England left British interest rates unchanged at its meeting. [CNBC]


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