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Forex

Fed Decision Looms as USD/JPY Awaits Next Move

Guavy AI Editorial Team
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USD JPY CAD
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The USD/JPY currency pair reached fresh multi-decade highs last week, and its future performance will likely be influenced by several key events in the coming days.

On Wednesday, the Federal Reserve is set to announce its interest rate decision, which could impact the USD. According to overnight index swaps, there's a one-in-three chance of a 25bp rate hike.

The Bank of Japan also has a key policy decision scheduled for this week, and both countries will release important data on inflation, growth, and labour markets.

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