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USD/JPY Forecast: Balancing BoJ’s Warning Signals with US Durable Goods Orders

From fxempire.com

On Wednesday, investors may begin to focus on the Friday, April 26, session. Inflation numbers from Tokyo need consideration after recent comments from Bank of Japan Governor Kazuo Ueda. The Bank of Japan Governor spoke on Tuesday (April 23), warning about rate hikes if inflation continued to accelerate toward the 2% target. On Friday, inflation numbers from Tokyo must exceed expectations to draw the interest of the BoJ. Economists forecast the core annual inflation rate to ease from 2.4% to 2.2% in April. Softer inflationary pressures would leave the Bank of Japan inflation forecasts to guide the markets. ... (full story)

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