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USD/JPY Slumps as Hawkish BoJ Sparks Fresh Carry-Trade Unwind

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The Story

News Summary

  • USD/JPY faces substantial downside pressure as expectations mount for a Bank of Japan rate hike.
  • Narrowing US-Japan yield differentials, carry-trade unwinding, technical support breakdowns, and potential domestic capital repatriation by Japanese institutions reinforce a sustained bearish outlook for the pair.
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USDJPY price history

153.49 -1.51% over the displayed period

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