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82% Informative
The Bank of Japan will adopt a more cautious approach to hiking interest rates to avoid rapid appreciation in the yen, BMI says.
The yen has weakened about 2% since Aug. 5 , and is currently trading at 147.42 against the greenback.
Interest rate hikes by the BOJ led to the unwinding of the popular yen carry trade, which led to a sharp sell-off in global markets last Monday .
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