The Japanese yen strengthened against the dollar following hints of a potential rate hike by the Bank of Japan. The central bank also reduced its monthly bond purchases. Traders are cautious due to U.S. economic policies and inflation concerns. Japan’s Finance Minister reiterated concerns over the sliding yen, hinting at possible intervention to stabilize the currency.
PSU banks to gain from credit growth amid government push, predicts Ambareesh Baliga
Market sentiment is currently weak, with a key level to watch at 24,250, as a break below could trigger panic selling. Certain sectors like textiles
August 11, 2025