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Japanese Yen Declines as BoJ Is Expected to Maintain Its Current Interest Rates
The Japanese Yen edges lower as the BoJ is expected to maintain its current interest rates on Friday.
BOJ Could Stand Pat in June, Reduce JGB Purchase Pace Gradually -- Market Talk
The Bank of Japan may keep its short-term policy rate target unchanged in June, but is expected to come out with more communication around its Japanese government bond purchases, say HSBC Global Research economists in a note.
The prospect of the Bank of Japan's monetary policy is uncertain in the face of the difficult economic recovery.
The latest data shows that Japan's economy has shown almost no signs of a clear recovery, and its contraction is smaller than the initial estimate, which gives policymakers ample reason to continue to be cautious as the Bank of Japan considers the timing of its next rate hike.
Japanese Yen Loses Ground as Hawkish Sentiment Emerges Surrounding the Fed
The Japanese Yen (JPY) edges lower for the successive second trading day on Monday.
Japan Q1 GDP Contracts 0.5% QoQ versus -0.5% expected
Japanese Gross Domestic Product (GDP) for the first quarter (Q1) contracted 0.5% QoQ versus -0.5% expected and -0.5% prior, the Cabinet Office showed on Monday.
Japanese Yen Loses Ground Due to Decline in Japan's Foreign Reserves
The Japanese Yen (JPY) consolidates on Friday following the Japanese Foreign Reserves released by the Ministry of Finance for May, dropping significantly to $1,231 billion in May from $1,279 billion.