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NEW YORK, Sept 11 - The yen strengthened sharply against the dollar on Monday in the wake of comments from Bank of Japan Governor Kazuo Ueda that fueled expectations the central bank could shift away from its negative interest rate policy, while the greenback eased ahead of U.S. inflation data due later in the week.
"It seems that while signaling that they could be closer to abandoning negative rates at year end if a major shift, we still have a long way to get there," said Edward Moya, senior market analyst at Oanda in New York of Ueda's comments. Aside from data on consumer prices due Wednesday, investors will also see producer prices and retail sales numbers on Thursday.
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