- USD/JPY strengthens due to the increased risk-off sentiment.
- BoJ announced an unscheduled bond-purchasing exercise on Monday.
- Higher US Treasury yields contribute support to underpin the Greenback.
USD/JPY surges to its highest level in eleven months, hovering around the 149.90. This upward movement is attributed to the US Dollar (USD) benefiting from a decline in investor appetite and increased risk-off sentiment, leading to a flow of funds into the safe-haven USD.
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