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February 12, 2025

USDJPY Extends Winning Streak as US CPI Approaches

The USD/JPY pair has risen to near 154.00, continuing its winning streak on Wednesday during the European session. This marks the third consecutive day of gains for the asset as the Japanese Yen faces continued selling pressure. Market participants are increasingly confident that the Bank of Japan will maintain a hawkish stance moving forward. All eyes now turn to the upcoming US CPI data, which could significantly influence currency direction.

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