USD/JPY (6J) — No directional edge identified—June 16 BOJ hike to 1.00% is genuine fresh…

Market expects USD/JPY consolidation 160-162 range with mild bearish JPY bias on persistent rate differentials; June 16 BOJ hike acknowledged but effectiveness questioned with USD/JPY unchanged at 161.27 three weeks later, next catalyst July 30-31 BOJ meeting

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