India, April 29 -- The Japanese yen strengthened against other major currencies in the Asian session on Tuesday, as traders await the Bank of Japan (BoJ) monetary policy decision due this week.
Interest rates are anticipated to remain unchanged when the Japanese central bank makes its announcement on Thursday.
Investors will therefore closely monitor the BoJ's revised economic forecasts for indications regarding when the next rate hike is expected to occur, since this will have a significant impact on the short-term dynamics of the JPY price.
Due to growing economic concerns brought on by U.S. tariffs, traders have delayed expectations that the BoJ will raise interest rates immediately. However, indications of increasing inflation in Jap...