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Treasury’s Brainard: US supports Japan’s efforts to reinvigorate growth, end deflation
G7 needs to deliver on pledge to market-based rates G7 ‘very committed’ to floating FX Important for fiscal and monetary policy to focus on domestic objectives That’s a bullish USD/JPY headline. Some minor upside in the pair so far but it sounds like the US has no problem with higher USD/JPY and that would be a significant hurdle out of the way.
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