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Dollar-Yen reaches fresh 34-year peak as Bank of Japan warns on weak JPY /
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2024-04-25 03:01:31

Dollar-Yen reaches fresh 34-year peak as Bank of Japan warns on weak JPY on Nostr: Japanese Yen Hits 34-Year Low Against US Dollar Amidst Expectations of Delayed Rate ...

Japanese Yen Hits 34-Year Low Against US Dollar Amidst Expectations of Delayed Rate Cuts
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#080c8e6b ver:1.88

The Japanese Yen hits a 34-year low against the US Dollar as rate cuts are expected to be delayed. The wide interest-rate differential between Japan and the US weakens the JPY. Traders await the Bank of Japan's policy decision, while the Federal Reserve may delay rate cuts due to sticky inflation. Excessive depreciation of the JPY may prompt action. Technical analysis suggests the USD/JPY pair could continue its upward trend. #Forex #USDJPY #RateCuts...

#newstr #JapaneseYen #UsDollar #BankOfJapan #FederalReserve #InterestRates #Inflation #Intervention

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