The Japanese yen steadies near 160 per US dollar on Tuesday, with investors watching shifting expectations for central-bank policy. Multiple reports say US Treasury Secretary Scott Bessent urges the Bank of Japan to raise interest rates, adding pressure to expectations that Japan could tighten policy in September.
Markets also factor in broader risk and rate signals beyond Japan. Traders cite renewed uncertainty tied to Middle East conflict and associated moves in oil prices, which can affect currencies and inflation expectations. In the US, attention centers on the possibility of additional Federal Reserve tightening, with some traders anticipating a potential rate hike in September. Reports also note that investors are looking ahead to scheduled economic data releases this week, which could influence interest-rate expectations and near-term currency moves. Overall, the reports describe the dollar as wobbling while the yen remains range-bound near 160.
