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via fxstreet.comEconomy

Japanese Yen: Strong CPI backs BoJ hikes as USD range set to hold - BBH

FROM THE WIRE · FXSTREET.COM

Brown Brothers Harriman (BBH) strategist Elias Haddad describes the Japanese Yen (JPY) as leading gains and acting as an ultimate refuge currency, supported by hotter Consumer Price Index (CPI) and steady Purchasing Managers' Index (PMI) data that back additional Bank of Japan…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishHotter CPI and BoJ hike expectations can support the yen against the dollar.AI-generated summary
NEWS IMPACT AND MARKET REACTIONChange from the reference price
US Dollar/Japanese Yen FX Spot RateUSDJPYFX pair156.9390+0.13%today +0.10%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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