BoJ interest rate
In anticipation of the Bank of Japan's (BoJ) interest rate decision next week, there is potential for a significant appreciation of the Japanese Yen. This could occur if the BoJ opts to raise interest rates, which would likely lead to a decline in the USD/JPY exchange rate, potentially pushing it down towards the 150-151 level within its current trend channel.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.