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Japanese Data Improves But We Still Don t Expect A BoJ Policy Shift This Month
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Nikkei ends lower again as Japan rate hike bets grow; GDP data caps yen gains
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Japanese Data Improves But We Still Don t Expect A Boj Policy Shift This Month
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USD/JPY is trading better bid above 147.00 in the Asian session on Wednesday, finding support from a modest uptick in the US Treasury bond yields and dovish comments from Bank of Japan (BoJ) Deputy Governor Ryozo Himino.
Bank of Japan (BOJ) Deputy Governor Ryozo Himino said on Wednesday, the “BoJ will patiently maintain easy policy until sustained and stable achievement of price target is in sight.” Additional comments Japan's financial system is likely resilient enough to weather stress from transition to higher interest rates.