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The Economic Times
The Economic Times
Business

Yen hangs near 160 amid BOJ rate-hike bets, dollar wobbles

The yen steadied near the 160-per-dollar level on Tuesday after U.S. Treasury Secretary Scott Bessent ramped ​up pressure on the Bank of Japan to ​hike rates later this month, while currency markets kept a wary watch on renewed attacks ​in the Middle East.

U.S. President Donald Trump threatened further strikes against Iran after the first exchange of direct attacks in a month as the six-month-long conflict shows no signs of ending. The fresh attacks sent Brent crude futures above $91 a barrel and Treasury yields higher. [O/R][US/]

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