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Why the Bank of Japan Meeting Might Not Affect the Yen

Ricky Cove
Why the Bank of Japan Meeting Might Not Affect the Yen

Weaker-than-expected household spending and first-quarter GDP growth limited the gains in the yen despite the weakness of the US dollar. The rebound in risk appetite and the partial uptick in Treasury yields drove the demand for the yen lower. Expectations of a hawkish statement from the FOMC and a