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USD/JPY Forecast: BoJ’s Rate Hike Talks and the Yen’s Outlook
On Monday, investors should monitor Bank of Japan commentary. Views on the economic outlook, inflation, and the timing of an interest rate hike could influence buyer demand for the USD/JPY. Bank of Japan Governor Kazuo Ueda recently warned the BoJ would increase interest rates if inflation continued rising. It was the first discussion about raising interest rates since the BoJ exited negative rates in March. The weaker Japanese Yen could cause a spike in import costs and inflation. A pickup in inflationary pressures may impact household spending and the Japanese economy. On Friday, inflation numbers from Tokyo will ... (full story)