Monday, January 26, 2026 at 10:46 PM
A “rate check” by U.S. officials has boosted the Japanese currency.
The dollar fell against the yen as intervention on the Japanese currency looks highly likely, Evercore ISI said.
Bank of Japan policy board members have grown more cautious about the potential inflationary impact of a weak yen, meeting minutes show, as markets stay on alert for any sign of action to stabilize the currency.
The Bank of Japan has grown more cautious about the inflation risk posed by a weak yen, a summary of opinions showed, after recent volatility put markets on alert for intervention.
Inflation signals have taken on more significance as yen weakness poses a risk to the Bank of Japan’s efforts to generate healthy, demand-led price growth.
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