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USD/JPY bears eye 129.00 on BoJ Minutes, focus on US GDP, Tokyo inflation
USD/JPY renews its intraday low around 129.20, reversing the previous day’s recovery, as Bank of Japan (BoJ) monetary policy meeting minutes failed to push back hawkish bias for the Japanese central bank during early Monday. Also likely to have favored the Yen pair sellers could be the broad US Dollar weakness amid fears of softer rate hikes and a soft landing of the world’s largest economy.