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The Japanese yen remains under pressure near its lowest level since February amid growing speculation that incoming Prime Minister Sanae Takaitchi’s pro-stimulus fiscal stance could delay the Bank of Japan’s next rate hike.


Advisors close to Takaitchi indicated that a rate increase this month would be “premature,” weighing on the yen as the US dollar stays firm, supported by policy divergence between the Fed and the BoJ.

Traders now await the release of the FOMC meeting minutes today   at 23:00 (+4 GMT)for further clues on potential Fed rate cuts. Despite ongoing risks from the US government shutdown, the dollar remains broadly supported, helping USD/JPY hold above the 152.00 level.

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