Financial Times FT.com

Yen yo-yos as BoJ ditches ultra-loose policy

By Steve Johnson

Published: March 9 2006 12:04 | Last updated: March 9 2006 17:57

The yen initially rose as the Bank of Japan heralded the end of its unconventional ultra-loose monetary policy, clearing the way for future interest rate rises. But the currency handed back its gains.

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