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ir is gaining momentum around the 160.00 level during early European trading on Friday. Despite the Bank of Japan (BoJ) maintaining interest rates unchanged, as widely expected, uncertainty surrounding the BOJ's monetary policy outlook could temporarily limit the yen's advance. The BoJ kept its benchmark interest rate steady at a range of 0.15%-0.25% during its two-day meeting that ended on Friday, the highest level since 2008. Stefan Angric, deputy director at Moody's Analytics, anticipates that the central bank will raise rates in October and further reduce monetary support this year, even amid weak economic data. BoJ Governor Kazuo Ueda stated at a press conference that the BoJ will continue to adjust the level of easing if necessary to achieve its economic and price outlook. However, the market will be closely watching for confirmation of the BoJ's unchanged view on raising rates if economic trends align with expectations
The European Central Bank (ECB) cuts rates at its September meeting, and investors will be closely following ECB President Christine Lagarde's speech for further clues. With the euro still under pressure in the short term
The European Central Bank (ECB) cuts rates at its September meeting, and investors will be closely following ECB President Christine Lagarde's speech for further clues. With the euro still under pressure in the short term
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