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Could you add leverage to Adriatic Metals on uk market like on australian market?
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In a long-expected move, the Bank of Japan ended its negative interest rate policy after 8 years and abandoned its yield curve control policy of capping long-term rates around zero. The BoJ also said it would stop purchasing risky assets like ETFs and REITs. This marks the end of Japan's era of ultra-loose monetary policy and cheap money. The announcement initially led to volatility in Japanese markets, with shares fluctuating before rising and the yen sliding to 150 per dollar against the US dollar. While the BoJ pledged to maintain some accommodation, traders expect rates to remain at zero for now. The Reserve Bank of Australia left rates unchanged as expected but watered down its tightening bias, weighing on the Australian dollar. The moves come ahead of the US Federal Reserve's decision on Wednesday, where it is expected to hold rates steady. However, investors will scrutinise the Fed's economic projections and estimated rate cuts for 2023. European markets are expected to open lower as caution persists ahead of the Fed meeting.
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By kevindevis23 · Posted
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