India, Feb. 12 -- The Japanese yen weakened against other major currencies in the Asian session on Wednesday, as traders remain cautious amid raising fears of a brewing global trade war and its impact on inflation. They also reacted to U.S. Fed Chair Jerome Powell's cautious remarks on interest-rate cuts and awaited the release of U.S. CPI data for additional clues on future monetary policy.
Also, U.S. President Donald Trump could sign an order today to require that U.S. tariffs on imports match the tax rates charged by other countries.
On the geopolitical front, Israel sent more soldiers to the Gaza area and cancelled leave for troops already there after Hamas delayed the planned hostage release, saying that the language of threats has n...