USD/JPY retraces the losses registered on Thursday on the back of a policy rate decision by the Bank of Japan (BoJ). As widely expected, BoJ maintaine
BoJ could consider adjusting its ultra-loose monetary policy when reaching a 2% inflation target is within reach.USD/JPY
The policymaker has emphasized that there is "no change to the way of the policy decision-making process," indicating that the BOJ continues to carefully analyze new data at each monetary policy meeting. Market participants await monitor economic data releases, including the preliminary US S&P Global PMIs for September. These figures may provide valuable insights into the economic conditions in the United States and can assist traders in identifying potential trading opportunities involving the US Dollar .
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