Japanese Yen: Limited impact from BoJ leadership absence – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad notes USD/JPY is trading tightly around 160.50, just below its late-April pre-intervention high, with a 25 bps Bank of Japan (BoJ) rate hike to 1.00% already fully priced.
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United States Producer Price Index (MoM) came in at 1.1%, above expectations (0.7%) in May

United States Producer Price Index (MoM) came in at 1.1%, above expectations (0.7%) in May
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