USD/JPY finds dip-buyers and reverses part of Friday’s slide driven by speculation that authorities will step in again to prop up the Japanese Yen. However, the BoJ’s dovish Minutes cap the JPY. Meanwhile, the US Dollar regains traction as the US-Iran standoff supports crude oil prices, fueling inflation fears and reaffirming bets for an October Fed rate hike. This further supports the pair, driving it back toward 158.00.
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