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USD/JPY Recovers from Recent Losses, Hovers Around 150.50"

U.S. Dollar / Japanese Yen (FX:USDJPY)  
Gwen_Humuna  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Fundamental Analysis Beyond Technical Analysis jpy Nikkei 225 JPN225 CFD JPYUSD JPM jpyusdforexsignal jpyusdsignal jpmorgan jpyusdshort jp225
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trendanalysis fundamental beyondta jpy jpn225 jpyusd jpm jpyusdforexsignal jpyusdsignal jpmorgan jpyusdshort jp225
USD/JPY rebounds from recent losses observed in the previous session following weaker-than-expected US inflation data. However, the pair trades slightly higher around 150.60 in Asian trading on Wednesday. The USD/JPY exchange rate fluctuates around 151.70 in Tuesday's Asian session. The pair holds near yearly highs and has the potential to surpass these levels if the US Dollar (USD) successfully mitigates recent losses. Nevertheless, the greenback faces challenges from volatile US bond yields, with the 10-year Treasury yield hovering around 4.63% at the time of writing.

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