The trajectory of the divergence between FRB and Bank of Japan monetary policy and market pricing!
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FRB(Federal Reserve System)is expected to cut rates within the year, and the Bank of Japan(hereafter, the BoJ)is generally seen by the market as likely to raise rates within the year. However, both could be contradicted by6/13FOMC(Federal Open Market Committee)and6/14BoJ Monetary Policy Meeting, which may negate them. This article explains the background and the impact on the USD/JPY pair.
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