The yen's future is complicated by the U.S. economic landscape, where robust performance could drive U.S. yields higher, diverting investment away from Japan.
Recent pressure on the yen is reflected in muted yields of Japanese government bonds as the Bank of Japan continues its rate control policy.
Market hopes for a rate hike in the December BOJ meeting might provide some support for the yen, but challenges remain due to currency weakness.
As the market shifts focus to Core PCE data, a rise above expectations could keep the dollar strong, further pressuring the yen.
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