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JPY Forecast Q2 2022: Will Inflation Surpass the Bank of Japan’s Target?

April 25, 2022

Via: DailyFX

The anti-risk Japanese Yen put in a dismal performance during the first quarter of 2022, particularly as March wrapped up. A majors-based Japanese Yen Index that averages JPY against USD, AUD, GBP and EUR fell as the S&P 500 and 10-year Treasury yield climbed.

Stocks and bond yields rising in tandem can make it difficult for the Japanese currency to shine. Russia’s attack on Ukraine and a more hawkish Federal Reserve have been unable to break market sentiment in a lasting way, at least for now. Is more pain in store for JPY ahead?

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