The Japanese yen continued its losses in Wednesday's Asian trading, nearing its lowest level in two weeks against the US dollar, amid increasing pressure stemming from weak expectations of an interest rate hike by the Bank of Japan in September.
This decline came as the US dollar recovered, supported by US inflation data for July, which reduced concerns about the impact of tariffs on prices, while investors await important US and Japanese economic data in the coming days to determine the path of interest rates.
The dollar rose 0.2% against the yen to 148.17 yen, after opening at 147.84 yen. Caution continues to prevail in the markets as they await new data on inflation, unemployment, and wages in Japan, which could shape future monetary policy.
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