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USD/JPY Forecast: Yen at Risk as BoJ, US Economic Data Take Center Stage
On Wednesday (May 15), Bank of Japan views on monetary policy and Japanese government talk about interventions may impact buyer demand for the USD/JPY. The USD/JPY advanced for the sixth time in seven sessions on Tuesday (May 14), raising the risk of a government intervention. A weaker Japanese Yen could raise import costs and impact household spending. Downward trends in household spending would affect the Japanese economy. Private consumption contributes over 50% to the Japanese economy. While the Japanese government will monitor Yen price movements, investors should consider Bank of Japan commentary. On Tuesday, ... (full story)