Yen steadies as dollar drops
The Japanese Yen remains stable near its highest levels since February, around 153.33 against the dollar, as its appeal diminishes due to speculation that the Bank of Japan may raise interest rates by 25 basis points in September. Meanwhile, the value of the dollar has slightly declined amid regional tensions related to attacks on Saudi Arabia and Iranian targets, which has led to oil prices rising to around $99 per barrel. The market is currently focused on the upcoming U.S. inflation data scheduled for Friday, which will influence monetary policy decisions in both Washington and Tokyo.
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