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USD/JPY Forecast: Yen Holds Ground; BoJ and US Services Sector in Focus

From fxempire.com

On Thursday, the USD/JPY fell by 0.52%. Reversing a 0.33% gain from Wednesday, the USD/JPY ended the day at 147.569. During a choppy session, the USD/JPY rose to a high of 148.462 before declining to a low of 147.320. Inflation and the Bank of Japan to Set the Tone for Q4 Japanese inflation figures for August drew investor interest this morning. The annual core inflation rate held steady at 3.1%, while the annual inflation rate softened from 3.3% to 3.2%. The inflation numbers may not incentivize the Bank of Japan to shift from negative rates. Later this morning, the Bank of Japan will deliver its monetary policy ... (full story)

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