BOJ Rate Hike Fears Fuel Yen's Woes Amid Intervention Worries

The Japanese yen has been attempting to recover from its recent slide, hovering around 159.8 per dollar on Tuesday.

This comes after a joint Japan-US currency market intervention in late July, but despite this, the yen remains under pressure due to persistent structural weakness.

Wide interest rate differentials, growing fiscal concerns in Japan, and elevated oil prices linked to the Middle East conflict are also weighing on the currency.