The USDJPY dipped after Tokyo core inflation rose above expectations in January, increasing pressure on Bank of Japan to start phasing out its ultra-loose policy. Near-term price action holds in a sideways mode, ranging around 130 level for the fifth straight day and on track to fail again to register a weekly close above 130 […]
The post USD/JPY: Yen Edges Higher on Inflation Figures But Near-Term Action Still Directionless appeared first on Action Forex.
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