USD/JPY Trades Around 151.50

USD/JPY is trading weakly around 151.50.

Concerns about foreign exchange intervention remain.

Higher US yields halted the USD/JPY downward trend.

USD/JPY has been trading in recent ranges above the 151.00 mark as the dollar weakens again and U.S. Treasury yields rise.

At the start of the week, USD/JPY traded in a shaky tone as the U.S. dollar resumed its downward trend and the market maintained its risk appetite.

Elsewhere, U.S. Treasury yields finally regained some balance after falling for multiple sessions, while the 10-year JGB yield edged up about 0.75%.

Meanwhile, concerns about FX intervention from the Bank of Japan and/or the government appear to be holding back USD/JPY upside potential as USD/JPY approaches the 152.00 mark.

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