- USD/JPY skyrocketed after BoJ’s dovish decision and high US core PCE data.
- USD/JPY Price Analysis: Rallied more than 200 pips, set for a pullback, before challenging YTD high,
The USD/JPY rose sharply after the first monetary policy decision by the Bank of Japan (BoJ) new Governor Kazuo Ueda struck a dovish tone, a greenlight for US Dollar (USD) buyers, against the Japanese Yen. (JPY). Therefore, the USD/JPY extended its gains of more than 1.73%, trading at 136.27.
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