According to a Bloomberg report, Japanese Prime Minister Kishida is readying a 21.8 trillion Yen stimulus package, a move that may see the currency weaken further
The daily USD/JPY chart shows the pair within touching distance of last year’s 151.94 high, a level that prompted the Bank of Japan to intervene. It is unlikely that any official intervention will have the same outcome as last year when USD/JPY dropped by around 24 big figures in three months. Later today we have the latest FOMC decision and any dovish or hawkish rhetoric at the post-decision press conference will likely drive the next move in USD/JPY.
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