The Japanese yen fell after the Bank of Japan kept interest rates unchanged and lowered economic growth forecasts due to US tariffs.
The BOJ pushed back its inflation target timeline by about a year, with Governor Ueda stating there’s no rush to raise rates.
Meanwhile, the US dollar stabilized against most currencies after earlier losses related to Trump’s tariff threats.
Markets are now awaiting US jobs data on Friday while watching for potential cooling in trade tensions, as Trump has suggested possible deals with several countries including China.