The yen plummeted as JGB yields hit record lows after the BoJ shocked markets by announcing that it will impose a -0.1% interest rate on excess reserves from Feb-16. Shock is the right word as BoJ governor Kuroda said recently that did not intend to cut rates on excess reserves, and market analysts had been expecting that any easing move would come in the form of an expansion in the QQE program.
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