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USD/JPY Outlook: Tokyo Inflation Bolsters Yen to 6-Week High

by Forex Crunch
November 29, 2024
in Forex Analysis
Reading Time: 1 min read

Data revealed that Tokyo’s core CPI increased by 2.2% in November. Market participants are pricing a 57% chance of a BoJ rate hike in December. The dollar was frail on Friday amid the Thanksgiving holiday. The USD/JPY outlook shows the yen nears a six-week high after hotter-than-expected Tokyo inflation figures. At the same time, the…
The post USD/JPY Outlook: Tokyo Inflation Bolsters Yen to 6-Week High appeared first on Forex Crunch.
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