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USD/JPY Forecast: Price Analysis and Insights into Friday’s Market Moves

From fxempire.com

The USD/JPY declined by 0.73% on Thursday. Following a 1.77% tumble on Wednesday, the USD/JPY ended the day at 141.835. The USD/JPY rose to a high of 142.917 before falling to a low of 140.949. Flash Private Sector PMIs and the Bank of Japan in Focus On Friday, flash private sector PMIs from Japan warrant investor attention. A pickup in private sector activity could support bets on a Bank of Japan pivot from negative rates. Concerns about the macroeconomic environment have tempered investor expectations of a near-term exit from negative rates. The Jibun Bank Services PMI will likely impact the buyer appetite for the ... (full story)

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  • Category: Fundamental Analysis