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USD/JPY: Analysis and Forecast
The Japanese yen remains weak against
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The Japanese yen remains weak against a moderately firm U.S. dollar due to risks surrounding the country's fiscal condition amid expansionary fiscal initiatives proposed by Prime Minister Sanae Takaichi. Political instability ahead of the February 8 snap elections is acting as an additional source of pressure on the yen. Meanwhile, weak Tokyo consumer inflation data released last week reduced expectations of an imminent rate hike by the Bank of Japan, further pushing USD/JPY toward the psychological 157.00 level.Sanae Takaichi's Liberal
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