The dollar was on a shaky footing against the yen on Wednesday, having lost ground overnight, after U.S. President Donald Trump announced a trade deal with Japan ahead of an impending tariff deadline.

Tokyo inflation eases but remains above target, keeping BoJ rate hikes on the table as USD/JPY reacts to softer data and US durable goods orders loom.

Japan's yen was climbing against the U.S. dollar Monday after Prime Minister Shigeru Ishiba vowed to stay on, even though his ruling coalition just lost its majority in the country's upper house. The

Asian shares are higher, buoyed by optimism that the U.S.-Japan tariff agreement will be followed by more trade deals

The Indian rupee is poised to open slightly higher on Tuesday, supported by a retreat in the dollar index that was largely triggered by a post-election rally in the Japanese yen.

Investors will be keeping a close watch on the People’s Bank of China’s decision on its 1-year and 5-year loan prime rates for July, expected later in the day.

Through its careful development of the digital yen, Japan may offer a path to adopt central bank digital currencies without compromising financial stability or civil liberties.

EUR/JPY trades on a positive note near 172.40 in Wednesday’s Asian session. Japan’s Ishiba is reported to step down by the end of August, weighing on the Japanese Yen. The ECB is expected to hold rates at the July meeting on Thursday.