India, July 30 -- The Japanese yen strengthened against other major currencies in the Asian session on Tuesday, as traders remain cautious ahead of Federal Reserve and Bank of Japan policy decisions.
The Federal Reserve is mostly expected to keep interest rates unchanged at its policy meeting on Wednesday. The U.S. President Donald Trump, who has attacked Fed Chair Powell and the central bank while constantly calling for rate cuts, is putting pressure on the meeting.
The Bank of Japan is anticipated to maintain its current policy on Thursday, while market focus will be directed towards its forward guidance to evaluate the timing of the subsequent rate increase.
A recent trade agreement between Japan and the United States has alleviated e...