Japanese yen weakened, USD/JPY up 0.4% after prior 2% drop, following reported government intervention at 160 yen level.
Softer-than-expected Tokyo April CPI, aided by utility and food subsidies, added pressure on the yen despite BOJ’s hawkish stance.
Dollar index rose slightly in Asian trade after nearly 2% loss in April, with safe‑haven demand wavering amid US‑Iran tensions.
Fed policymakers grew less dovish, reducing rate‑cut expectations, while President Trump signaled possible new military action against Iran.