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USD/JPY Forecast: Yen Weakness Sparks Intervention Concerns Ahead of Fed Talks
The USD/JPY declined by 0.13% on Friday. Partially reversing a 0.23% gain from Thursday, the USD/JPY ended the session at 151.406. The USD/JPY rose to a high of 151.862 before falling to a Friday session low of 151.001. The Bank of Japan and Interventions On Monday, the Bank of Japan was in the spotlight early in the session. The Monetary Policy Meeting Minutes from the January meeting were out. However, investors largely ignored the Meeting Minutes. The BoJ exited negative interest rates in March, hiking rates for the first time in 17 years. Intervention chatter continued to hit the news wires. Masato Kanda, ... (full story)