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USD/JPY falls as US GDP misses estimates bolstering Yen

USD/JPY falls as US GDP growth slows to 2.3%, below expected 2.6%. Improved jobless claims fail to boost dollar amid prevailing economic concerns. Yen strengthens from policy divergence; Fed holds rates while BoJ maintains tighter stance. The USD/JPY retreats in early…

Lagarde speech: There is no stagflation

Christine Lagarde, President of the European Central Bank (ECB), explains the ECB’s decision to lower key rates by 25 basis points at the January policy meeting and responds to questions from the press. Key quotes “There is recovery.” “Economy is…