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• Yen underperforms, global bond yields drift higher (U.S. closed)

• USD/JPY rises to 147. Though, bulls are not in the clear yet

• Hurdles remain at 148 and above at 149.50

• Conviction to jump back into carry trades is likely to remain low

• For now, traders are likely to fade rallies

• Upcoming payrolls data to set tone for FX in the near-term

• Support situated at 143.50-144

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