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USD/JPY Forecast: Inflation Figures Drive Speculation on BoJ’s Negative Rates Exit
The USD/JPY gained 0.13% on Monday. Reversing a 0.02% loss from Friday, the USD/JPY ended the Monday session at 150.686. The USD/JPY fell to a low of 150.290 before rising to a Monday high of 150.839. Japan Inflation Impacts Bets on a Bank of Japan Pivot from Negative Rates On Tuesday, inflation numbers from Japan warranted investor attention. The annual inflation rate fell from 2.6% to 2.2%, with the core inflation rate down from 2.3% to 2.0%. Economists forecast annual and core inflation rates of 2.1% and 1.8%, respectively. The latest figures impacted investor bets on a Bank of Japan pivot from negative rates. A ... (full story)