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USD/JPY: Bid near 112.00 in Asia, BOJ decision and US Q1 GDP in focus this week
USD/JPY is currently trading at the session high of 111.98, having hit a low of 111.84 earlier today. The US consumer spending, as represented by retail sales, surged in March by the most in a year and a half, the data released last week showed. Further, the jobless claims hit 50-year lows, quieting recession talks. Meanwhile, the Bank of Japan (BOJ) reduced the amount of long-dated bond purchases on Friday. As a result, it is not surprising to see that the greenback is mildly bid in Asia in holiday-thinned trade. The Bank of Japan (BOJ) is due at 02:00 GMT on April 25. The Japanese central bank is widely expected to ... (full story)