USD/JPY rebounds above 145.00 on Fed hawkish comments and high US yields

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• USD/JPY trades at 149.86, up 0.70%, as upbeat earnings from a major US tech company boost market sentiment.
• Hawkish comments from Boston and Philadelphia Fed Presidents suggest a steady rate environment, fueling USD gains.
• Upcoming Tokyo CPI data and Fed Chair Powell’s speech eyed for further direction; DXY advances 0.44% on hawkish Fed remarks.

The US Dollar (USD) recovers some ground against the Japanese Yen (JPY), after posting back-to-back days of losses, as market sentiment turned upbeat on an earnings report of a big tech US company. Nevertheless, US Federal Reserve officials remained hawkish as the waters settled, while economic data from the United States (US) was mixed. At the time of writing, the USD/JPY is trading at 149.86, gaining 0.70%.