XAU/USD4,699.34+0.28% BTC/USD77,811-0.76% ETH/USD2,321-0.29% SOL/USD186.34+0.43% EUR/USD1.0934+0.12% GBP/USD1.2641-0.08% USD/JPY153.42+0.22% AVAX/USD9.44+0.35% WTI78.21+1.04% DXY104.18-0.14% SPX5,812+0.31% NDX20,341+0.48% XAU/USD4,699.34+0.28% BTC/USD77,811-0.76% ETH/USD2,321-0.29% SOL/USD186.34+0.43% EUR/USD1.0934+0.12% GBP/USD1.2641-0.08% USD/JPY153.42+0.22% AVAX/USD9.44+0.35% WTI78.21+1.04% DXY104.18-0.14% SPX5,812+0.31% NDX20,341+0.48%

FOREX 3H AGO Source: Invezz

USD/JPY forecast: Japanese yen crashes as traders predict 2 BoJ rate hikes

The Japanese yen continued its downward spiral today as the US dollar crash gained steam and as economists predicted that the BoJ will hike interest rates twice this year. The USD/JPY exchange rate jumped to 159.88, its highest point since April 30th.

 The Japanese yen continued its downward spiral today as the US dollar crash gained steam and as economists predicted that the BoJ will hike interest rates twice this year. The USD/JPY exchange rate jumped to 159.88, its highest point since April 30th. 

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