Commerzbank Says Yen Could Weaken if BOJ Gives No Clear June Hike Signal

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Commerzbank analyst Volkmar Baur said the yen could weaken and USD/JPY could rise above 160 if the Bank of Japan leaves interest rates unchanged on Tuesday without a clear signal for a June rate hike. Baur said markets expect a fairly clear June hiking signal if the Iran conflict has de-escalated by then.

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