Japan's Finance Katayam: Ready to take decisive action on forex
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Japan's Finance Minister Mira Katayama is prepared to take decisive action on foreign exchange, while BOJ's Ueda notes that recent GDP data aligns with forecasts. They are monitoring upward price pressures and rising long-term interest rates. The USDJPY has dipped but remains above 158.64, with key downside targets at 158.529 and 158.60. A break below these levels could strengthen the bearish bias.
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