India, July 1 -- The Japanese yen strengthened against other major currencies in the European session on Tuesday, following the Bank of Japan's Tankan survey indicating that business sentiment among major Japanese firms has improved slightly, which increased the likelihood of additional rate hikes by the Japanese central bank.
Data from the Bank of Japan's quarterly Tankan Survey of business sentiment showed that large manufacturing in Japan accelerated slightly in the second quarter of 2025, with a diffusion index score of +13. That beat forecasts for +10 and was up from +12 in the previous three months.
The outlook came in at +12, beating forecasts for +9 and unchanged from the previous quarter.
The large non-manufacturers index came i...