Yen strengthens after Japan’s finance minister flags FX-moves oversight

The Japanese yen regained footing against the U.S. dollar after the government reaffirmed its monitoring of foreign exchange movements, following a Tokyo inflation print of 2.8% that added to speculation over policy shifts. The dollar-yen rate edged lower to about ¥154.01 per USD. The dollar index itself remained steady near three-month highs, underscoring the tug-of-war between monetary policy divergence and currency intervention. Traders now look to forthcoming wage data and policy signals from the Bank of Japan for further direction.