RSS USD/JPY: BoJ verbal intervention – OCBC

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 RSS USD/JPY: BoJ verbal intervention – OCBC

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USD/JPY rose sharply after BoJ kept policy rate on hold yesterday. USD/JPY’s rise can also be attributed to the rise in UST yields as Fed guided for slower pace of rate cuts. The pair was last seen at 156.71. Back to BoJ, Governor Ueda’s remarks seem more cautious and appear to be ‘buying time’.
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