Ella 
The yen fell for a third straight session on Wednesday. USD/JPY was supported by a slight rebound in the U.S. dollar, aided by rising U.S. Treasury yields.
The dollar was also supported by hawkish remarks from Federal Reserve (FED) Board of Governors member Dr. Adriana Kugler on Tuesday. Dr. Kugler said if incoming data did not confirm that inflation was moving towards the 2% target, it might be appropriate to keep rates at their current levels for a while longer.
Traders remained wary amid suspicions of intervention by Japanese authorities. Data released on Tuesday showed that the Bank of Japan entered the foreign exchange market for two consecutive trading days last Thursday and Friday.
Current account balance data released by the Bank of Japan on Tuesday showed that about 2.74 trillion yen ($17.3 billion) of liquidity was expected to drain from the financial system on Wednesday due to various transactions by government agencies. Nikkei Asia said the previous forecast was for a loss of 600 billion yen.
