USD/JPY recovers from the losses registered in the previous session, trading higher around 149.00 during the European session on Tuesday. The pair reb
USD/JPY rebounds due to positive risk sentiment amid Middle-East conflict. Japanese Yen failed to respond to the BoJ’s consideration of an upward revision of the core inflation estimate. Fed’s remarks led investors to downplay the likelihood of additional rate hikes. ounded on the recovery of the US Dollar .
00, by the press time. However, the US Dollar failed to admire the stronger US Nonfarm Payrolldata released on Friday. Moreover, the depreciation of the US Dollar can be attributed to a decline in US Treasury yields on Monday, with the 10-year US Treasury bond yield standing at 4.67% at the current press time. Additionally, remarks made by Federal Reserve officials overnight led investors to downplay the likelihood of additional rate hikes, contributing to a further drop in US bond yields.
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