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USD/JPY on the rebound above 152 again following report on BOJ
The news about to be imparted here cannot be confirmed as truth, or fact but it has sent the USD/JPY higher again. The dollar is right now re-approaching, and now rising above the 152 handle again following reports; that apparently the BOJ see little cost in waiting to raise interest rates again. Now, the BOJ is due to release that decision next week, on December 19 and many are expecting another 0.25% rate increase, taking the OCR to 0.50%. This news does rather pour cold water on such a prospect, but as just stated, it is not confirmed. The report also seems to suggest the BOJ are now less concerned about the impact of a weaker Yen and that is helping the dollar now push above 152, currently trading at 152.20
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