The currency was supported this month by suspected intervention by Japanese authorities, hinting at potential measures to prevent excessive moves.
Rising expectations of a Federal Reserve rate cut in September and criticism from US presidential candidate Donald Trump on currency strength influenced market sentiments.
Japanese government bond yields rose as investors adjusted positions amid concerns over a potential Bank of Japan interest rate hike, with uncertainty on rate hike likelihood.
Japan's upcoming June inflation data release is anticipated, with higher inflation rates possibly backing yen appreciation and increased JGB yields.
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