Recent market analyses indicate a shift in the U.S. dollar's performance against the Japanese yen, as traders are increasingly betting on the yen's appreciation. The rate differential between the U.S. and G10 countries has reversed its post-election rise, leading some analysts to caution against interpreting this as a decline in U.S. economic strength. The U.S.-Japan yield differentials have also shown instability, complicating directional risks for the USD/JPY pair. A report from ForexLive noted that risk sentiment remains fragile, while a COT report highlighted that bullish exposure to the yen has reached record highs. Traders are now closely monitoring U.S. economic data, as any lack of meaningful improvement could reinforce bearish trends for the dollar.