This follows from the BOJ rate hike earlier in the day. But the kicker to that and the thing that markets are viewing as more hawkish was the strong inflation forecasts associated with the decision. Let’s see what Ueda will comment about that and the upcoming spring wage negotiations. USD/JPY is trading down 0.5% to 155.22 currently.
This article was written by Justin Low at www.forexlive.com.
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