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USD/JPY Forecast: Impact of US JOLTs, US Manufacturing PMI, and FOMC Minutes
The USD/JPY gained 0.71% on Tuesday. Reversing a 0.27% loss from Friday, the USD/JPY ended the session at 141.979. The USD/JPY fell to a low of 140.982 before rising to a Tuesday high of 142.213. The earthquake in Japan impacted the USD/JPY on Tuesday. However, market bets on a Bank of Japan pivot remain a headwind for the USD/JPY pairing. Wage negotiations in the Spring could be pivotal for the Bank of Japan. Favorable wage hikes could allow the Bank of Japan to provide more assertive guidance on the likely timing of an exit from negative interest rates. Last week, BoJ Governor Kazuo Ueda reportedly warned the Bank ... (full story)