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The USD/JPY forecast points to solid bearish momentum as the yen rallies on divergence in policy outlook for the Bank of Japan and the Fed.
Japan Machinery orders for June 2024: 2.1% m/m (expected +1.1%). • Japan's LDP will hold its leadership election on September 27. The USD has weakened across the major FX board, but its against JPY ...
Japanese machinery orders rise, stirring BoJ rate hike talks. USD/JPY traders should watch US economic data and BoJ commentary for market direction.
FOMC minutes and Jackson Hole Symposium to steer USD/JPY. US jobless claims and the services PMI may retrigger fears of a hard economic landing.
The risk-on mood could undermine the safe-haven JPY and help limit any meaningful decline.