USD/JPY (6J) — Policy paralysis 26 days after June 16 BoJ hike to 1.0% with USD/JPY trading at…

Market expects USD/JPY consolidation 160-162 range with mild bearish JPY bias on persistent rate differentials; BofA July 11 survey showing 4-year yen bearish extreme acknowledged but not priced as imminent reversal catalyst with next meaningful event July 30-31 BoJ meeting

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USD/JPY (6J) — Policy paralysis 26 days after June 16 BoJ hike to 1.0% with USD/JPY trading at…