USD/JPY traded stronger near 108.80 as weak risk sentiment boosted Yen’s safe-haven appeal.
Worries about the surging coronavirus cases hampering Japan's economic recovery and BoJ's forecast that inflation will not reach the 2% target through early 2023 helped limit losses for the pair amid a slight rebound in Dollar. Dollar index received a push from a slight uptick in US Treasury yields.
Going ahead, the focus will be on March Personal Income/Spending data, Core PCE Price Index and revised Michigan Consumer Sentiment Index for April due out of the US later today. US Treasury yields will remain the key driver.
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