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USD/JPY Forecast: The Bank of Japan Puts the Yen in the Spotlight
The USD/JPY slipped by 0.05% on Monday. Reversing a 0.01% gain from Friday, the USD/JPY ended the day at 148.085. On Monday, the USD/JPY rose to a high of 148.301 before falling to a session low of 147.613. The Bank of Japan Takes Center Stage On Tuesday, the Bank of Japan will be in the spotlight. Easing inflationary pressures reduced bets on a pivot from negative rates. However, expectations of a marked increase in wages leave an element of uncertainty before the BoJ policy decision and press conference. Economists expect the Bank of Japan to leave interest rates unchanged at negative 0.1%. Tweaks to the yield ... (full story)