Japan’s economy unexpectedly contracted for the first time in a year. Japan’s core consumer inflation increased to a 40-year high in October. Investors are awaiting the FOMC meeting minutes. The USD/JPY weekly forecast is bearish as the Bank of Japan faces 40-year high inflation and may intervene to pull out from ultra-loose monetary policy. Ups … Continued
The post USD/JPY Weekly Forecast: BoJ to Intervene Amid High Inflation appeared first on Forex Crunch.
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