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USD/JPY and Sub-139.50 in the Hands of BoJ Governor Ueda
It is a busy Friday for the USD/JPY. While there are no economic indicators from Japan or China for investors to consider, the Bank of Japan will be in the spotlight this morning. After a hawkish Fed pause, the markets are betting on the BoJ to persist with its ultra-loose monetary policy stance. Economists forecast the BoJ to leave interest rates at -0.10%. A hold on interest rates would shift the focus to the monetary policy statement and the Bank of Japan press conference. A Bank of Japan Governor Kazuo Ueda Yield Curve Control Scheme (YCC) tweak is on the cards. However, the markets are not expecting a shift in ... (full story)