December Japanese Yen futures recovered from an 11-month low to post their strongest daily percentage gain since October 10, reaching a high of 6,416. The rally was supported by positive economic data out of Japan, including a stronger trade balance and solid services PMI, which signaled domestic resilience. Additionally, the probability of a Federal Reserve rate cut in December nearly doubled to 70% according to the CME FedWatch Tool, helping to narrow the perceived interest rate gap between the U.S. and Japan.