USD/JPY rebounds on Thursday, recovering most of the previous day’s losses as the US Dollar (USD) stages a modest recovery after falling to a three-month low. At the time of writing, USD/JPY trades around 159.05, up roughly 0.55% on the day.
The Greenback finds support as US Treasury yields rebound from Wednesday’s sharp pullback, which was triggered by the US Treasury Department’s announcement that it would increase its liquidity-support buybacks for longer-dated government securities. Both the 10-year and 30-year yields are up around 6 basis points on Thursday.
The US Dollar Index (DXY), which tracks the Greenback against a basket of six…
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