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Back Fundamental analysis
USD/JPY: Why Did the Yen Appreciate?
At its October meeting, the second-to-last
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At its October meeting, the second-to-last of the year, the Bank of Japan maintained all current monetary policy parameters, keeping the key interest rate at 0.25%. After two rate hikes (in March and July), the central bank decided to pause, likely until the end of this year. While Kazuo Ueda provided a small verbal boost to the yen, trusting the downward impulse of USD/JPY may be premature. The pair's medium-term fate will be determined not in Tokyo but in the
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