Anna 
The Japanese yen exhibited stability on Tuesday, with the USDJPY pair hovering around 151.36, maintaining proximity to its highest level in four months.
Despite the Bank of Japan’s first rate hike in 17 years, the yen experienced recent weakness, prompting concerns about potential intervention by the Japanese government. Notably, remarks from Masato Kanda, the top Japanese currency diplomat, contributed to stabilizing the yen.
Attention now turns to upcoming consumer inflation data from Tokyo, scheduled for later in the week, which could provide further insights into the economic landscape.
Across broader Asian currency markets, movements were subdued with limited immediate catalysts. The Australian dollar’s AUDUSD pair recorded a modest 0.1% increase, while the South Korean won’s USDKRW pair also edged up by 0.1%.
Conversely, the Singapore dollar’s USDSGD pair declined by 0.1%, while the Indian rupee’s USDINR pair stabilized after reaching record highs earlier in March.
