The Japanese yen weakened toward 149 per dollar on Wednesday, hitting its lowest level since early April as the US dollar strengthened after cooler-than-expected US inflation dimmed hopes for near-term Fed rate cuts. The dollar index hovered above 98, nearing a three-week high, ahead of fresh US PPI data. While Japans manufacturing sentiment improved slightly in July, helped by a semiconductor rebound, lingering fears over US tariffs kept investors cautious. Focus now shifts to upcoming Japanese trade and inflation data for further cues on economic resilience.
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