USD/JPY remains depressed around 135.00 mark, modest USD strength limits losses – by hareshmenghani USDJPY BOJ Fed Inflation Currencies
A modest USD strength lends some support to the major and helps limit the downside.USD/JPY pair
The Japanese Yen gets a minor lift in reaction to hawkish-sounding remarks by the Bank of Japan Governor Kazuo, which, in turn, exerts some downward pressure on the USD/JPY pair. Speaking in parliament, Ueda said Japan's economy was picking up and inflation expectations remain at high levels. He added that the central bank will end its yield curve control policy and then start shrinking its balance sheet, once prospects heighten for inflation to sustainably hit its 2% target.
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