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Japanese Yen: Up or down? - John Hardy

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Saxo Bank’s Head of FX Strategy John Hardy analyses the reasons why JPY could get stronger or weaker. He points to divergence with US monetary policy and the dovish guidance from the Fed in March as reasons why JPY could go up. He also examines the outlook for a weaker JPY, its potential levels and considers the actions of the Bank of Japan and the Japanese government over the coming months.