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USD/JPY bounces back as Japan signals more stimulus

July 11, 2016 1:50 PM
<p>The yen plummeted against its major counterparts on Monday after news that Japanese Prime Minister Shinzo Abe’s Liberal Democratic Party won a landslide victory in Upper House elections, providing much anticipated support for Abe’s controversial economic stimulus program, Abenomics. The political victory was followed shortly after by an announcem...