The yen held steady ahead of the Bank of Japan’s upcoming decision, while concerns surrounding artificial intelligence helped drive a rally in US Treasury bonds and put pressure on the dollar.
The currency market was focused on the BOJ as investors awaited its latest policy signal. The yen’s stability came as Treasury prices strengthened, reflecting jitters linked to the impact of AI.
The bond rally weighed on the dollar, leaving the US currency softer as markets assessed the competing influence of the BOJ outlook and renewed caution over AI-related developments.
