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USD/JPY lower after the BOJ says CPI may not drop below 2%
From the Bank of Japan June meeting summary, this bombshell:There is strong chance consumer inflation will moderate, but won't slow back below 2%, toward middle of current fiscal yearIf inflation is going to remain above target why not cut back on super-easy policy?More from the text (link to the full thing in that post above):Although the rise in raw material prices has paused, firms' pass-through of cost increases to their selling prices has intensified further, the employment and income situ...
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Posted: Jun 26 2023, 00:16
Author Name: forexlive
Views: 081032