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Japanese Yen pares gains ahead of BoJ policy decision
The Japanese Yen (JPY) trims its daily gains against the US Dollar (USD) as traders anticipate the Bank of Japan’s (BoJ) monetary policy decision on Wednesday. Investors are speculating that the central bank is likely to maintain its short-term rate target between 0% and 0.1% for the third consecutive meeting, following the end of eight years of negative rates in March. The Bank of Japan is likely to debate whether to raise interest rates at its meeting this week. On Friday, Reuters cited sources familiar with the central bank, noting that "the decision will be a close call and a hard one to make," given the ... (full story)