Mid-Day Report: USD/JPY Dives ahead of Bernanke
The greenback dropped against the Japanese yen and euro on speculation that Federal Reserve Chairman Bernanke’s speech may disappoint those market participants who are betting for further monetary stimulus. Bernanke will speak soon at the Kansas City Federal Reserve’s annual conference in Jackson Hole, Wyoming, in the same event last year, Bernanke pulled the curtain for QE2 by saying that the Fed would do all it can to ensure a continuation of the economic recovery and asset buying
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