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The Japanese Yen strengthened against the US Dollar during Asian trading sessions on Monday, driving the USD/JPY pair down toward the 158.80 level for the second consecutive session. The Yen's appreciation comes on the back of hotter-than-expected inflation metrics in Japan, which accelerated for the second straight month. This trend has significantly heightened market expectations that the Bank of Japan (BoJ) may proceed with further interest rate hikes to curb rising price pressures.
