| 01 Apr 2026 11:26 | | Yen holds firm below 159 amid easing geopolitical tensions | | | The Japanese yen hovered steady below the 159 mark against the US dollar, as optimism over a potential de-escalation in Middle East tensions lifted global risk sentiment and weighed on the greenback’s safe-haven appeal. Adding to the yen’s resilience, the Bank of Japan’s Tankan survey showed a notable improvement in business sentiment, with large manufacturers’ confidence index rising to 17—its highest level since December 2021 and marking a fourth consecutive quarterly gain. While these factors capped upside in the USD/JPY pair, market participants now turn their focus to upcoming US macroeconomic releases, including the ADP report and ISM Manufacturing PMI, for near-term directional cues.
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