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Daiwa Securities: Economic Data to Determine USD/JPY Direction This Week
According to Daiwa Securities strategist Kenta Tadaide, economic fundamentals remain key to determining the USD/JPY direction. This week, U.S. inflation data will be released, followed by policy meetings from both the Federal Reserve and Bank of Japan next week. "If U.S. inflation accelerates, pushing the Fed toward a more hawkish stance, it may support the dollar; meanwhile, rising market expectations for further BoJ rate hikes could add upward pressure on the yen," Tadaide said.