Yen Path Driven by BOJ-Fed Rate Differentials: BlackRock

BlackRock Active Investment Head for Japan Yue Bamba says what is going to determine the path of the yen is Bank of Japan and Federal Reserve interest-rate differentials. "The government can come in and do intervention, and that will move the market for a little while, but that’s not really going to be the determinant of the facts," Bamba told Bloomberg Television. The Bank of Japan’s April policy meeting started Thursday with the board widely expected to leave interest rates unchanged when it releases its decision on Friday. 
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