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26 June- The Japanese Yen (JPY) initially recovered some of its recent losses against major currencies with some investors confident that the currency recent decline was over sought. In other news, the JPY was also supported by Sunday’s annual report from the International Bank for International Settlements, which said that there was ‘clearly something anomalous’ in the low-yielding yen’s recent slide to multiyear lows against a range of currencies. Overall the USDJPY traded with a range of a low 123.31 and a high of 123.95 before closing the day at 123.56 in the New York session.