Japan authorities are keeping a close eye on the USD/JPY exchange rate as they prefer it to stay under a cloud. This means they want the value of the US dollar to remain lower compared to the Japanese yen. This preference is likely due to the impact it has on Japan’s economy and trade relationships. By keeping the USD/JPY rate under a cloud, Japan can potentially benefit from stronger exports and a more competitive market. This is an important factor for authorities to consider as they work to maintain a stable and prosperous economy for the country.
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