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USD/JPY Forecast: BoJ Exit Bets Affect Market Trends Before the October Inflation Report
The USD/JPY gained 0.01%. After a 0.76% slide on Monday, the USD/JPY ended the session at 148.381. The USD/JPY fell to a low of 147.150 before rising to a session high of 148.595. Bets on a Bank of Japan Exit from Negative Rates Remains the Theme On Tuesday, the USD/JPY tumbled to a session low of 147.150 before rebounding. The downward trend in the USD/JPY reflects rising bets on the BoJ pivoting from ultra-loose. In recent speeches, BoJ Governor Ueda discussed exiting negative rates without wage growth. Inflation remains a bugbear for the BoJ, with the national inflation rate at 3.0%. Significantly, economists ... (full story)