The yen was last 0.3% stronger against the dollar at 155.87 yen, regaining some lost ground after hitting its weakest levels in two weeks, as comments from Bank of Japan officials steadied the Japanese currency. Recent newsflow has "reinforced the perception that the Takaichi administration favors a dovish stance on monetary policy", Bank of America said in a note. "But we think the underlying fundamentals point towards continued stabilisation in the JGB market and a rebound in the yen." Financial markets continue to believe almost unanimously US interest rates are going nowhere at the Federal Reserve's next meeting. The Australian dollar was steady at US$0.7126, while the New Zealand dollar briefly slipped below the US$0.60 mark against its US counterpart before recovering, last trading flat at US$0.6003.

Source: The Edge Markets February 26, 2026 05:33 UTC