21-Aug-2025      09:06

Yen slips as BOJ caution offsets inflation pressure

The yen eased to around 147.4 per dollar on Thursday, snapping a brief rebound as traders weighed the Bank of Japan's cautious stance. While the BOJ lifted its inflation outlook in July and left room for a possible hike by year-end, Governor Ueda reiterated that underlying inflation remains below the 2% target. Data showed manufacturing edging toward stability in August, though services slowed, while investors awaited the Fed's Jackson Hole symposium for global rate signals.

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