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Japanese Yen Forecast: A Big Week Ahead for USD/JPY Traders

September 18, 2023

Via: DailyFX

The Federal Reserve (Fed) and the Bank of Japan (BoJ) will both announce their latest monetary policy decision this week – Wednesday and Friday respectively – with both central banks expected to leave interest rates untouched. Both decisions however have the potential to move markets, with the BoJ possibly the harder reaction to call.

The Fed is fully expected to leave unchanged at a current level of 525-550, and if the latest market pricing is correct, the US central bank will leave rates untouched all the way through to May next year when they are forecast to start cutting rates.

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