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USDJPY rises to 24 year High of 144.98

24-year low for the Japanese yen The Bank of Japan kept its benchmark rate for short-term borrowing at -0.1%. The decision was made shortly after the US announced a 75 basis point rate increase, its third consecutive increase. The prolonged conflict in Ukraine has raised commodity costs, which are projected to put negative pressure on the Japanese economy. Nevertheless, given… Read More »USDJPY rises to 24 year High of 144.98