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Commodity Mid Session News

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(05 Aug 2025, 11:35)

Currency Buzz: Yen steady near 147 as BOJ keeps hike door open

The Japanese yen held firm around 147 per dollar on Tuesday, buoyed by hints from the Bank of Japan that rate hikes remain on the table if global trade tensions ease. The yen has surged over 2% in just two sessions, helped by a weaker dollar after a soft US jobs report raised hopes of a Fed rate cut in September. Meanwhile, the US dollar index edged up 0.12% to 98.7 as markets digest shifting monetary policy signals and await key economic data like the ISM PMI and June trade numbers for fresh direction.
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