RSS Japanese Yen Strengthens to a Monthly High as Markets Anticipate a Bank of Japan Rate Hike

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 RSS Japanese Yen Strengthens to a Monthly High as Markets Anticipate a Bank of Japan Rate Hike

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The USD/JPY pair fell to 155.08 on Tuesday, close to the monthly low. The Japanese yen gained strength as speculation grew regarding a potential interest rate hike by the Bank of Japan (BoJ), driven by hawkish commentary from BoJ officials, which increased the likelihood of this action. Key factors driving yen strength A possible rate […]

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