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USD/JPY. Analysis and Forecast
After the Bank of Japan's recent
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After the Bank of Japan's recent announcement, the USD/JPY pair came under strong selling pressure in response to hawkish hints from the Bank of Japan, dropping to the 152.00 level and hitting a weekly low.As anticipated, amid unusual political turbulence following Japan's snap elections on Sunday, the Bank of Japan opted to leave its monetary policy parameters unchanged. However, in its accompanying statement, the Bank reiterated that if the economy continues a moderate recovery and prices move as forecast, it
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