USD/JPY. Analysis and Forecast
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In July, the Bank of Japan's firm stance — signaling a possible further interest rate hike if economic growth and inflation forecasts are met — is supporting the yen's strengthening for the third consecutive day on Thursday.At the same time, the U.S. dollar is trading near its lowest level in more than two weeks amid growing expectations that the Federal Reserve will cut interest rates at its September meeting. These expectations are reinforced by the latest disappointing U.S. macroeconomic data,
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