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USD/JPY Forecast: Intervention Risks, BoJ Pivot Hints, and Fed Tones Guide Prices
The USD/JPY gained 0.20% on Friday. Partially reversing a 0.42% loss from Thursday, the USD/JPY ended the day at 150.185. The USD/JPY fell to a low of 149.821 before rising to a Friday session high of 150.643. Japan Core Machinery Orders On Monday, core machinery orders for Japan garnered investor interest after the Q4 GDP numbers. Core machinery orders increased by 2.7% in January, partially reversing a 4.9% slide from December. Economists forecast core machinery orders to increase by 2.5%. Year-over-year, core machinery orders declined by 0.7% after being down 5.0% year-over-year in December. Economists expected ... (full story)