The yen is trying to recover as US bond yields decline

•The Japanese currency rises from the lowest levels in 3 weeks. •The dollar resumes its losses ahead of the Federal Reserve minutes. •Monetary authorities are closely monitoring the movements of the Japanese currency. •Markets are awaiting new evidence about the path of Japanese interest rates.

The Japanese yen rose in the European market on Wednesday against a basket of major and minor currencies, as part of attempts to recover from the lowest levels in three weeks against...

The US dollar is on its way to achieving its first gain in the last three days, with purchasing activity at low levels, and in light of the increasing possibility of the monetary authorities in Japan and the United States once again intervening in the exchange market.

Last week, the yen recorded its biggest weekly loss in three months, as the impact of Japanese and American intervention in the exchange market faded, prompting traders to speculate that another round of purchases would be necessary.

Official request to stop the current decline in currency levels.

This decline comes as investors' focus shifts towards evaluating the future path of US interest rates, especially after the decline in the possibility of raising them during the current year, following the release of data showing a slowdown in inflation in the United States to levels below market expectations, coinciding with the issuance of worrying indicators of a slowdown in the US labor market.

Attention turns to the minutes of the Federal Reserve meeting

If it includes less aggressive comments than what is expected in the markets, the chances of raising US interest rates this year will decline, which will lead to a further decline in the levels of the US dollar against the Japanese yen.

Wall Street closed lower on Tuesday, with semiconductor stocks leading losses in the technology sector, after uncertainty in the Middle East pushed bond yields to their highest levels in several years, boosting...

Concerns about borrowing costs and inflation.