The market bets that the Bank of Japan will not raise interest rates next week, and the yen has set the longest consecutive decline record since June
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Due to traders betting that the Bank of Japan will not raise interest rates next week, the yen has recorded its longest consecutive decline against the US dollar since June, falling 0.6% to 153.48 yen on Friday, the lowest level since November 26. The yen has fallen for five consecutive days and is on track for its worst week in over two months. Market bets on interest rate hikes have decreased, with the current probability of a rate hike at 16%
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