The USD/JPY pair rebounded from a 129.65 low recorded on March 24 and soared to a high of 143.88 not seen in around seven and a half months, entering the high range of the previous November 10.
NEW YORK: Fresh inflation readouts this week will probably feed into expectations of further policy tightening by Federal Reserve (Fed) and European Central Bank (ECB) officials who are already tilting toward raising interest rates.