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[QUOTE="SOLIDECN, post: 228943, member: 80239"]
[JUSTIFY][B]Yen Near 2-Month Low Amid US Dollar Strength, BOJ Policy[/B]

The Japanese yen has been trading close to its two-month low, hovering around 148 against the US dollar. This trend is primarily attributed to the strength of the US dollar, fueled by strong economic indicators from the United States and the Federal Reserve's indication of a continued firm stance, which has tempered prospects of an early reduction in US interest rates this year. In Japan, investors are taking a cautious approach as they await a series of key economic reports due this week, including data on unemployment, industrial output, retail sales, and consumer confidence.

Recently, the yen saw a slight uptick following comments from Bank of Japan Governor Kazuo Ueda. Ueda noted an increasing chance of sustainably reaching the 2% inflation target, backed by wage growth. He also mentioned that the Bank of Japan might reevaluate its extensive stimulus program if this trend persists. However, at its first meeting of the year, the Bank of Japan decided to continue its highly accommodative monetary policy, a widely anticipated move.[/JUSTIFY]
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