USD/JPY had an uneventful week, as the pair posted slight losses, closing at 1.2254. The upcoming week is a quiet one, with just five events on the calendar. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY.
In the US, the news was mixed as inflation slipped, while employment and manufacturing numbers beat expectations. The Federal Reserve statement was clearly dovish, which limited the greenback’s gains. In Japan, there were no surprises from the BOJ Monetary Policy statement.
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