Bank of Japan easing reaffirms dollar bull trend

Policy divergence between BoJ and Fed steps up a gear

US currency
BoJ steps to boost the dollar

The widening policy divergence between the US Federal Reserve and the Bank of Japan (BoJ) has reaffirmed the dollar's bull run, which showed signs of petering out in October, say strategists, after a surprise announcement from the BoJ gave upward momentum to USD/JPY.

The Japanese central bank took markets by surprise on Friday when it announced  it would be increasing its quantitative easing (QE) programme ahead of expectations.

In contrast with the BoJ, the US Federal Open Market Committee

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