"Japanese Yen Supported by Inflation Data and BoJ Rate Hike Bets"

The Japanese Yen strengthened after warmer consumer inflation figures revived bets for a shift in the Bank of Japan's policy stance, while the US Dollar remained subdued due to sliding US Treasury bond yields. Traders are awaiting key US macro releases, including the PCE Price Index, for further cues. Technical analysis suggests a bullish bias for the USD/JPY pair, with support near the 150.00 psychological mark. The Yen's value is influenced by the Bank of Japan's policy decisions, the differential between Japanese and US bond yields, and broader risk sentiment among traders.