19.08.202502:04:01UTC+00Japanese Yen Holds Decline

The Japanese yen remained close to 148 per dollar on Tuesday, following a decline of approximately 0.5% in the previous session. This decrease was influenced by the strengthening of the dollar, as optimism increased regarding progress in negotiations to potentially resolve the Ukraine conflict. On Monday, U.S. President Donald Trump held discussions with European leaders concerning security assurances for Ukraine. He advocated for a direct meeting between Ukrainian President Volodymyr Zelenskiy and Russian President Vladimir Putin, proposing a subsequent trilateral summit that would include himself. Additionally, the yen encountered pressures after Japanese officials dismissed comments made by U.S. Treasury Secretary Scott Bessent. Bessent had suggested that the Bank of Japan was "behind the curve" in terms of policy, a statement interpreted as nudging Japan towards raising interest rates. Nonetheless, BOJ Governor Kazuo Ueda maintained a cautious approach, highlighting that "underlying inflation" still falls short of the bank’s 2% target.