The Japanese yen hovered near 155.15 per dollar on Thursday after logging its sharpest one-day drop of the month, pressured by a stronger US dollar following solid economic data and hawkish signals from the Federal Reserve. Fed minutes showed several officials favored keeping the option of further rate hikes on the table if inflation remains elevated. Domestically, Japan's December machinery orders rebounded strongly, offering limited support to the currency. Markets are also increasingly pricing in a potential April rate hike by the Bank of Japan, contingent on upcoming data.

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