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The Japanese Yen advanced against the US Dollar on Wednesday, pushing USD/JPY down by 0.1% toward the 159.00 region. Technical indicators highlight the 20-day Exponential Moving Average (EMA) as a significant barrier for further price movement. The yen's strengthening is primarily driven by solid market expectations that the Bank of Japan will deliver a 25 basis point rate hike in September, raising policy rates to 1.25%.
