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Despite an upside surprise in Japan’s core inflation data, Yen extended its decline across the board today. While CPI ex-food rose 3.7% yoy in May, much of the gain was driven by an outsized 100%+ surge in rice prices, which alone contributed nearly half of the index’s increase. This jump, widely seen as transitory due […]

The post BoJ Doubts Offsets Strong CPI as Yen Tumbles appeared first on Action Forex.

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