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Markets are keenly positioning for dollar weakness via the path of U.S. interest rate policy. But this is not the case for all dollar forks at the moment. For example, USD/JPY moved higher as yen speculators entered into USD carry trades in anticipation that the Bank of Japan would remain in loose monetary mode in the second half of the year.
At press time, USD/JPY recorded 145.4900, down 0.18%. The market is currently waiting to see the release of U.S. inflation data in the coming days to seek the outlook for the Federal Reserve’s interest rate policy.
