US Dollar has regained positive momentum against the Japanese Yen on Wednesday, challenging the monthly peaks set on previous Friday.
Japanese yen has lost its safe haven appeal amid improved risk sentiment especially after Kudlow's clarification about US cancelling trade talks with China that is wasn't true.
Moreover, downward revision of BoJ's inflation projection weighed on the Japanese Yen while US Dollar took support from rising US bonds yields.
Technical Levels to Watch
Immediate resistance for the pair is at 110.00 ahead of 110.30 and then 111.00. On the flip side, immediate support for the pair is at 109.35 followed by 109.00 handle and then 108.60.
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