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USD/JPY forecast: Japanese yen outlook as BoJ hints at faster rate hikes

USD/JPY forecast: Japanese yen outlook as BoJ hints at faster rate hikes

The Japanese yen softened against the US dollar, even after the Bank of Japan (BoJ) flagged rising risks of faster interest rate hikes in the last meeting. The USD/JPY pair rose to 158.23, up by nearly 2% from its lowest level this month.
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