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Yen hits 32-year low
Yen hits 32-year low

Yen hits 32-year low

US Federal Reserve officials maintain hawkish rhetoric. Philiadelphia Fed President Patrick Harker has stated that the Central Bank is far from finished with its rate hike cycle amid extremely high inflation. Against this backdrop, the yen has fallen to a 32-year low against the dollar. If the Bank of Japan does not amend its monetary policy, analysts predict even greater gains in USDJPY.

USD/JPY

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