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USD/JPY Tests 156.13/50 Resistance As Hawkish Fed Raises The Bar For BoJ

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Seeking Alpha (US)2h ago

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USD/JPY Tests 156.13/50 Resistance As Hawkish Fed Raises The Bar For BoJ

Fed’s rate hike and further tightening signal reinforce USD’s yield advantage over yen. Stronger services and underlying inflation could support BoJ hikes; softer data may weaken the yen.

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