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[Mitsubishi UFJ: USD/JPY Will Fall To 140 If Wage Growth Supports The Bank Of Japan's Rate Hike] Yuya Yokota, A Foreign Exchange Trader At Mitsubishi UFJ Trust Bank In New York, Said That If Wages Continue To Grow, The Bank Of Japan May Have Reason To Raise Interest Rates Further This Year, Which May Push Up The Yen. "Both The Bank Of Japan And The Government Have Stated That They Recognize That Japan Is In An Inflationary State," He Said. "If The Union Continues To Pursue A Wage Increase Policy, Then Rate Hikes In September And December May Be Reasonable, In Which Case The Yen May Stabilize At 140." It Is Expected That USD/JPY Will Fluctuate Between 148-155 In The Short Term. Yokota Said That Although Expectations Of A Bank Of Japan Rate Hike Are Good For The Yen, It Will Counterbalance Concerns That The United States May Impose Tariffs On Japan
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