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USD/JPY Slips Sharply to New Daily Lows on BoJ Prices Report

  • USD/JPY falls sharply, touching new daily pullback lows at Y148.84 before bouncing on the back of Bloomberg headlines citing sources in reporting that the BoJ are said to mull raising their FY23 price view closer to 3%, and their FY24 view to 2% "or above". The inflation outlook said to be kept at around 1.6% for the FY25 view.
  • EUR/JPY lower in sympathy, with the cross touching 157.22 before stabilising just below pre-headline levels.
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