USD/JPY: bears taking back control ahead of key Japanese data - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the Japanese yen recovered some ground after testing 107.90 against the greenback.

Key Quotes:

"US treasury yields edged lower, with the 10 year yield down roughly 1.0% at the end of the day, after FED's Chair Janet Yellen suggested that the US Central Bank won't be able to raise interest rates during the upcoming meetings, also weighed by tepid US data released this Tuesday.  

Japan will release its final revision of the Q1 GDP during the upcoming Asian session, expected at 0.5% from a first estimate of 0.4%, alongside with the April trade balance data."