The Japanese yen steadied around 155.8 per dollar on Tuesday after coming under pressure overnight following a magnitude-7.5 earthquake on Japan’s northeast coast, which briefly raised concerns about economic disruptions. A downward revision to Japan’s Q3 GDP also weighed on the currency, supporting Prime Minister Sanae Takaichi’s large spending plans and complicating the Bank of Japan’s policy decision next week. The central bank is expected to raise interest rates this month amid a gradual path to policy normalization. Investors now await remarks from Bank of Japan Governor Kazuo Ueda at a London event later today for signals on the policy path. Meanwhile, traders are preparing for a likely 25 basis point rate cut from the US Federal Reserve this week, though bets on further Fed easing in 2026 have eased.