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- USD/JPY strengthened as the BoJ scrapped the 1% ceiling for the 10-year government bond yield.
- BoJ Governor Ueda expressed fear about inflation not reaching long-term targets.
- Japan’s Chief Cabinet Secretary Matsuno engaged in some verbal intervention to bolster the yen.
USD/JPY trades around 151.20 during the Asian session on Wednesday, pulling back from the yearly high marked after the Bank of Japan (BoJ) removed the 1% ceiling for the 10-year government bond yield on Tuesday.
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