Yen Pressure Persists Amid Hawkish Sentiment

The Japanese yen continued its decline against major and minor currencies in Asian trading on Thursday, marking its fourth consecutive day of losses against the US dollar.

The weakness of the yen was attributed to the Federal Reserve's preferred inflation data, which came broadly in line with expectations, keeping the possibility of further US interest rate hikes alive.

Bank of Japan Deputy Governor Ryozo Himino refrained from providing explicit signals about the timing of the next interest rate hike, stating only that policymakers should hold 'in-depth discussions' about price pressures at every monetary policy meeting.