The Japanese Yen strengthened slightly against the U.S. dollar.
USD buyers are showing caution as more optimistic signals emerge around easing tensions in the Strait of Hormuz. Markets are now waiting for Tokyo CPI data and speeches from Jackson Hole.💴 The Yen has not strengthened sharply, but the USD also lacks enough confidence to break higher as Hormuz risks begin to ease.
@BackcomGlobal
