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Forex

Yen Rally Accelerates Past MUFG's End-Q4 Forecast

Guavy AI Editorial Team
Instruments
JPY
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The USD/JPY exchange rate has surged past MUFG's end-Q4 forecast of 156, reaching around 156.3 on Friday after a sharp decline to 155.31, its lowest level in a month.

Over the previous 48 hours, the pair lost more than 2% and has already traded below MUFG's target of 158, which is now above market levels.

The Yen rally has accelerated faster than expected, with MUFG's September target of 152 also being outpaced by the current price action.

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