Japanese Yen recovers from two-year low vs USD as BoJ hike bets offset softer CPI

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The Japanese Yen recovered from a two-year low against the US Dollar on Friday, with the USD/JPY pair extending its pullback from the 161.80 region, a fresh high since July 2024, and drifting lower during the Asian session. The recovery came as bets on a Bank of Japan rate hike offset softer Japanese consumer price index data.

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