Dollar selling prevailed, and the dollar-yen rate softened to the 159.30 level. Signs of slowing US inflation and a pause in the rise in crude oil prices have been reported, suggesting that views on expectations for a US rate hike next week are also changing.
Dollar selling has been somewhat dominant, and the dollar-yen rate has softened to the 159.30 level.
In addition to signs of slowing US inflation, the rise in crude oil prices has also paused, leading to reports that expectations for a US rate hike in September have receded.
US Special Envoy Kushner is scheduled to visit Cairo next week and hold talks with officials from the mediating countries, Egypt, Qatar and Turkey. Some have expressed hope for progress in US-Iran talks.