Remarks by BoJ member Adachi hint at interest rate hikes if yen's depreciation drives inflation higher, impacting market momentum and perceptions of future actions.
Tokyo's upcoming inflation data could strengthen the yen if it exceeds expectations, potentially leading to a rebound and supporting Japanese treasury yields despite a decline today.
US GDP data showing slowed growth at 1.3% compared to prior 3.4% may further bolster yen's rebound and apply pressure on US treasury yields, positioning the yen favorably against the USD.
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