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Posted by
Two Blokes Jul 14 -
Filed in
Forex
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The Japanese Yen (JPY) languishes near a three-week low against its American counterpart during the Asian session on Monday amid reduced bets for an immediate interest rate hike by the Bank of Japan (BoJ). Furthermore, expectations that the Federal Reserve (Fed) will keep rates elevated for an extended period act as a tailwind for the US Dollar (USD) and lend support to the USD/JPY pair.
