After the numerous “leaks” from earlier in the week, this pretty much seals the deal. The Japanese yen had already been softening in the past few days and this further vindicates that. USD/JPY is at the highs for the day, up 0.6% to 153.63 currently. From earlier this week:
- BOJ reportedly sees little cost to waiting for next rate hike
- BOJ reportedly erring towards keeping interest rates unchanged next week
This article was written by Justin Low at www.forexlive.com.
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