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USDJPY Dives as Fed Hike Bets Recede and Hawkish BoJ Looms

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The Story

News Summary

  • The US dollar weakened as the US-Iran deal lowered oil prices and Fed rate hike expectations.
  • Meanwhile, JPY is supported by an expected 25 bps hike from the Bank of Japan, pointing to a potential downward correction in the USDJPY pair.
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Stored market data

USDJPY price history

153.42 -2.18% over the displayed period

Advisor Snapshot

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