Resurgence of inflationary pressures in Japan due to higher import costs from energy prices. The Bank of Japan may face renewed political pressure to normalize its current dovish monetary policy stance to negate significant JPY’s weakness. Recent uptick in 10-year JGB yield from an 11-week low may trigger another potential down leg in USD/JPY. Watch […]
The post USD/JPY: Japan’s Inflation Accelerated, A Struggle for Bulls at 50-day Moving Average appeared first on Action Forex.
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