12 August 2025, 07:14  Japan: Yen Weakens for Third Session.

The yen slipped past 148 per dollar on Tuesday, marking its third consecutive decline as improving global trade prospects reduced demand for the safe-haven currency. The US-China trade truce was extended for another 90 days, easing tensions and giving negotiators more time to reach an agreement. At home, investors weighed the Bank of Japan’s policy outlook, with board members divided over the timing and pace of future rate hikes. Some officials favored keeping policy accommodative for now, citing uncertainty over whether the bank’s economic forecasts will materialize. Looking ahead, markets are awaiting key Japanese data releases for further cues, including Q2 GDP, the Reuters Tankan survey, producer prices, and machine tool orders.

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