Japan: Yen Holds Decline After BOJ Stands Pat.

The Japanese yen weakened toward 145 per dollar on Tuesday, extending its losing streak to a third session after the Bank of Japan left its policy rate unchanged at 0.5%, in line with market expectations. The central bank also maintained its existing Japanese government bond tapering plan through March 2026 but signaled a readiness to adjust the program if needed. Policymakers remain cautious as they assess the inflationary impact of higher oil prices and await greater clarity on US trade policy. The yen also faced additional pressure following reports that Prime Minister Shigeru Ishiba and US President Donald Trump failed to reach a tariff agreement during the G7 summit in Canada. Meanwhile, the US dollar strengthened broadly amid rising geopolitical and inflationary risks. In the latest developments, President Trump called for the full evacuation of Tehran amid continued Israeli airstrikes, reiterating that Iran should have signed his proposed nuclear deal.