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The reason why the USD/JPY has just now dipped below 158
Adding more detail to the previous update on the EUR/USD, there is now some information to account for why the USD/JPY just took a sudden hit. This move comes following a headline on a major financial news wire, suggesting the Bank of Japan is mulling a potential interest rate rise at the end of this month and also said to be considering raising its inflation outlook forecasts at the same time. This news explains the relapse in the USD/JPY, which is now falling further and dropping towards 157.75. It must also be stressed that this news is not confirmed by the BOJ and represents conjecture at this stage. The USD/JPY is currently trading at 157.82
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