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"USD/JPY Outlook: BOJ Policy Shifts and Inflation Data Analysis"

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Source: ForexLive
"USD/JPY Outlook: BOJ Policy Shifts and Inflation Data Analysis"
Photo: ForexLive
TL;DR

Nomura anticipates potential policy shifts by the Bank of Japan (BOJ) and verbal interventions from the Ministry of Finance to curb JPY depreciation, leading to a bearish outlook on USD/JPY. Despite a bullish trend for USD/JPY, bolstered by strong US economic data, Nomura expects limited upside due to anticipated Fed rate cuts and a slowdown in Japanese retail investors' foreign equity purchases. The combination of these factors suggests a risk-reward balance skewed towards short positions in USD/JPY.

Topics:businessfinance-foreign-exchange#boj#fed-rate-cut#finance-foreign-exchange#nirp#nomura#usdjpy
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  1. Nomura bearish USD/JPY, expects potential BOJ policy shifts, verbal interventions  ForexLive
  2. Dollar nears 150 yen ahead of US inflation data; sterling edges up  Reuters
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