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Bank of Japan: Weak Data Might Mean More Easing

Ricky Cove
Bank of Japan: Weak Data Might Mean More Easing

The Japanese yen (JYN) continued its depreciating trend in the previous week. Risk aversion receded and the US dollar rallied following higher bond yields and commodity prices. Now that geopolitical risks have declined, the demand for the yen as a safe haven will likely be low and could lead to more depreciation.