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USD/JPY Forecast: Weekly close above 106.68 would be icing on the cake
The Dollar-Yen pair surged to a high of 106.94 on Thursday as the rising Treasury yields and the risk-on action in the financial markets kept the American dollar solidly bid. Markets ignore potential debt concerns Moreover, Trump is widely expected to announce tax cuts and boost fiscal spending as promised during the campaign. This is expected to boost growth and inflation in the short-run, but at the same time accentuate debt concern. However, in the current era of deflation, markets are more likely to focus on the prospects of high inflation and high growth and ignore potential debt concerns. No wonder, the ... (full story)