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USDJPY dipped early Friday on widely expected BoJ rate hike by 25 basis points, but the weakness was so far short-lived, despite interest rate rising to the highest in 17 years. Subsequent bounce (approx. 100 pips) suggests that the dollar remains well supported, particularly by wide gap between the monetary policies of Fed and BoJ. […]

The post USD/JPY: Japanese Yen Fails to Benefit More from BoJ Rate Hike appeared first on Action Forex.

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