The yen saw a slight uptick as Japanese authorities issued their strongest warning yet regarding intervention, signaling readiness to act against the currency’s recent lows. Despite this, analysts anticipate continued near-term yen weakness due to the Bank of Japan’s cautious stance on future rate hikes. The U.S. dollar also remained under pressure, continuing its December decline against major peers.
PSB dollar sales help rupee close flat at 95
The Indian rupee held steady against the dollar on Monday. State-run banks sold dollars, supporting the rupee. Foreign exchange markets are now focused on upcoming
June 2, 2026