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USD/JPY Forecast: The US Jobs Report and a Drop Below 145

From fxempire.com

The USD/JPY fell by 0.31% on Thursday. Following a 0.50% loss on Wednesday, the USD/JPY ended the day at 146.413. The USD/JPY rose to a session high of 147.112 before falling to a Thursday low of 145.891. Bank of Japan and the Pivot from Negative Rates On Friday, investors must consider Bank of Japan comments about inflation, wages, and negative interest rates. On Wednesday, the BoJ Summary of Opinions signaled a more decisive BoJ, with plans forming to exit negative interest rates. Significantly, the BoJ reported firms having concerns about labor shortages and having favorable views towards wage growth. The BoJ was ... (full story)

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