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Currency News

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(22 Jul 2025, 12:26)

Yen steadies at 147.8 as markets eye Powell's comments

The Japanese yen held around 147.8 per dollar on Tuesday after gaining nearly 1% in the previous session, supported by easing political uncertainty following Japan’s election outcome. Prime Minister Shigeru Ishiba’s continuation in office reassured investors, keeping focus on ongoing tariff negotiations with the US. Meanwhile, the dollar index remained under 98 after two days of losses as markets await updates on trade talks ahead of the August 1 deadline. Investors are also watching Federal Reserve Chair Jerome Powell’s remarks later today for clues on future interest rate policy.
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