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Posted by
Two Blokes May 14 -
Filed in
Forex
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USD/JPY is down for a second straight day on renewed expectations of the Bank of Japan (BoJ) tightening. The move is driven by hawkish remarks from Deputy Governor Shinichi Uchida and hotter-than-expected April PPI data, which contrast sharply with soft US inflation figures and growing speculation of Federal Reserve (Fed) rate cuts.
