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U.S. PPI and BoJ Provide Signal Upside Potential in USD/JPY

posted by Avatar fx360 695 days ago in USD, JPY, Daily made popular 695 days ago

If you are wondering why the Fed did not remove the pledge to keep interest rates at an extremely low level for an "extended period" of time yesterday, just take a look at this morning's producer price figures. Inflationary pressures in the U.S. are extremely modest and the lack of inflation gives the central bank the flexibility to leave monetary
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