USD/JPY Weekly Forecast: Japan-US Rate Gap Weighs on Yen

The yen reached a new 38-year low and raised intervention concerns. An increase in Tokyo’s inflation increased the chances of a BoJ hike in July. The US core PCE index was softer, confirming the recent decline in price pressures. The USD/JPY weekly forecast is bullish as the interest rate differential between Japan and the US...


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