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USD/JPY: Bullish Case Eroding as US Economic Data Disappoints /
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2024-05-27 12:55:56

USD/JPY: Bullish Case Eroding as US Economic Data Disappoints on Nostr: Japanese Yen Edges Up Against US Dollar Amidst Inflation Concerns and Technical ...

Japanese Yen Edges Up Against US Dollar Amidst Inflation Concerns and Technical Analysis
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#e140b6a8 ver:0.55

The Japanese yen edges up against the US dollar amidst inflation concerns and technical analysis. BoJ emphasizes the need to anchor inflation expectations, while trade deficit widens and business activity expands. USD/JPY holds above moving averages, driven by improved risk appetite and yield differentials. Japanese disinflationary pressures cast doubt on further rate hikes. USD/JPY may retest May high, but traders should consider potential market slowdown. #forex #inflation #BOJ #USDJPY...

#newstr #JapaneseYen #UsDollar #CurrencyExchangeRate #BankOfJapan #Inflation #InterestRates #WageGrowth #CoreInflation #UsEconomicData #FedMinutes #TechnicalAnalysis

https://here.news/story/e140b6a8?ver=0.55
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