USD/JPY reaches yearly highs around 150.50 as US Dollar surges

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• USD/JPY surges on the back of improved US Treasury yields.
• Japanese PM Kishida emphasizes that the Bank of Japan’s monetary policy is directed at achieving sustainable inflation.
• US Dollar strengthens as the risk-averse sentiment is triggered by geopolitical uncertainties.

USD/JPY is on an upward ascent, reaching its yearly highs. As the Asian session unfolds on Thursday, the pair is trading at a higher level, hovering around 150.50.