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USDJPY Plunges Below 154 as Hawkish BOJ Hike Bets Trigger Massive Yen Rally

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The Story

News Summary

  • The Japanese yen surged past 154 per dollar amid carry trade unwinding and rising BOJ rate hike bets.
  • Rapid wage growth and signals from government advisers suggesting further monetary tightening this month have significantly bolstered yen strength against the dollar.
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Stored market data

USDJPY price history

154.40 -0.92% over the displayed period

Advisor Snapshot

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