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Japanese Yen loses ground as upbeat US NFP reinforces hawkish Fed outlook

FXStreetJapan

Japanese Yen loses ground as upbeat US NFP reinforces hawkish Fed outlook

USD/JPY rebounds on Friday, snapping a two-day losing streak as stronger-than-expected US jobs data lifts the US Dollar (USD) and brings its yield advantage over the Japanese Yen (JPY) back into focus. At the time of writing, USD/JPY trades around 158.30 after hitting an intraday low of 157.26.

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