Ella 
The Japanese yen (JPY) has recovered some of its losses against the US dollar (USD) over the past two days and appears poised to appreciate further on expectations that the Bank of Japan (BoJ) is getting closer to exiting a decade of extremely loose monetary policy environment. This, coupled with the emergence of fresh USD selling, has kept USD/JPY near the 149.00 mark during European morning trading on Thursday.
Hawkish FOMC minutes helped lift the dollar back from its lowest levels since Aug. 31, but that recovery is losing momentum as bets grow that the Federal Reserve is ending its policy tightening campaign. In addition, the market is pricing in the possibility that the Federal Reserve will begin cutting interest rates in the first half of 2024. This in turn has the benchmark 10-year Treasury yield near two-month lows and is seen as weighing on the dollar.
