0626 GMT - Japan's investment of $550 billion in the U.S., along with a dovish BOJ, are likely to weigh on the yen, ING's Min Joo Kang says. At a White House event, President Trump said that there would be a joint venture with Japan for an LNG project in Alaska, with most of the benefits remaining in the U.S., notes the senior economist for South Korea and Japan. Also, BOJ Deputy Gov. Uchida signaled today that the central bank isn't in a rush to resume raising rates, the economist says. The BOJ likely needs more time to understand the details of the trade deal and how it affects the economy, the economist adds. USD/JPY is 0.3% higher at 147.10. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
July 23, 2025 02:26 ET (06:26 GMT)
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