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Service Inflation

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Close-up of Japanese Yen banknotes and coins arranged on a flat surface.
FORECASTS2H
BOJ September Rate Hike Bets Rise as Yen Crosses Test Key Breakout Levels
Japan’s July inflation data strengthened expectations that the Bank of Japan could lift its policy rate in September. Even so, wide rate gaps with the Federal Reserve, European Central Bank and Bank of England may continue to shape the direction of major yen pairs.
USD-JPYFEDERAL-RESERVEBANK-OF-JAPAN