USD/JPY falls as Treasury yields reverse from highs
The US Dollar trades lower against the Japanese Yen as US Treasury yields extend their reversal from multi-decade highs after the Federal Reserve cooled hopes of back-to-back interest rate hikes.
Original · FXStreet AI summary of public reporting
Why: Fed cools rate hike hopes → lower US yields support JPY
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At publication → CurrentJPY157.65 → 157.75+0.1%