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