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USD/JPY: Price Analysis. Forecast. Japanese Yen Declines
As of Wednesday, the USD/JPY pair
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As of Wednesday, the USD/JPY pair was trading around 157.88, up 0.13% for the day. The US dollar continues to strengthen amid renewed "hawkish" sentiment about the Federal Reserve's monetary policy. The dollar remains close to its recent highs following the US consumer price index data release on Tuesday, which beat market expectations. In April, annual inflation in the US rose by 3.8%, surpassing both market forecasts (3.7%) and the previous period's figure (3.3%). This information reinforces expectations that the
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