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Yen slips as BOJ caution offsets inflation pressure
21-Aug-2025, 09:06
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.
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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