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USD/JPY focus FOMC

JPY has surrendered some its Tuesday’s gains following the steady stance by the BoJ at its meeting, allowing spot to bounce off the 112.60 area against the backdrop of a better sentiment in the risk-associated space.

The USD/JPY pair will be the release of US inflation figures tracked by the CPI for the month of February, followed by the critical FOMC gathering. Markets bets see the Fed refraining from hiking rates at this meeting, although it could deliver a cautious/hawkish tone.

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