The yen sank against its major peers in Asian trading on Friday, after a widely-expected ‌rate hike by the Bank of Japan failed to halt the currency’s decline.

The Japanese yen steadied ​near its strongest level since February on Wednesday, keeping the dollar on the defensive as traders grappled with oil prices pushing towards $100 ‌per barrel in the face of a widening war in the Middle East.

The pound strengthened versus the dollar, held steady on the euro and dropped sharply against the Japanese yen on Monday, with British finance minister John ​Healey’s first major economic speech giving the UK currency little clear ‌direction.

Sterling slipped on ​Tuesday as investors returned from a long holiday weekend to a global bond selloff ‌that pushed British government borrowing costs to their highest since 2008 and bolstered the dollar.

The pound ​held its ground near a six-month high versus the dollar on Tuesday, ‌underpinned by expectations for interest rate hikes by the Bank of England this year, against the backdrop of concerns around sticky inflation and soaring government debt.

The U.S. dollar held near multi-month lows against most major currencies on Tuesday as traders walked ​back expectations of near-term monetary tightening, although the imminent threat of an escalation in the Middle East war left sentiment fragile.

The dollar’s advance stalled on Thursday after an overall benign U.S. inflation reading overnight ‌spurred traders to pare back bets for a near-term Federal Reserve interest rate hike.

The yen wobbled near the crucial ​160 level on Tuesday, as joint U.S.-Japan intervention failed to deliver a lasting boost, while the Australian dollar held its ground near eight-week ‌highs after the central bank held rates as expected.

The U.S. dollar inched higher from a two-month low against major ​currencies on Monday, as oil prices climbed due to a muddled Middle East outlook while investors awaited this week’s ‌inflation data for more clues on the Federal Reserve’s rate path.

The pound edged up on Wednesday, with most gains coming against the yen, which steadied after several rounds of intervention.

The Pound-Dollar could regain momentum if softer US labour market data weighs on the Greenback, although improving US manufacturing may limit Sterling’s upside

Benchmark British borrowing costs rose and sterling dipped on Monday ​as investors fretted over whether Andy Burnham’s early remarks on becoming prime minister suggested he would adopt a looser fiscal ‌policy.

The pound slipped on Friday but was on track for its third consecutive weekly rise, with UK assets supported in recent days by ​reports that incoming prime minister Andy Burnham has chosen a centrist to be ‌finance minister.

The pound rose against the dollar on Tuesday as investors took profits after the U.S. currency’s recent climb to more than one-year highs ahead of ​key U.S. inflation data later in the day, while holding steady ‌against the euro.

Sterling’s rise to its highest level since August 2025 is boosting spending power for holidaymakers and overseas buyers

The dollar was steady on Monday as the first round of U.S.-Iran talks fuelled investor optimism for a deal, while the ​yen inched towards 40-year lows, spurring intervention concerns and verbal warnings from Tokyo.

The pound is set to face growing pressure as its recovery from the post-Brexit selloff has made it the most overvalued currency among major peers, according to Goldman Sachs Group Inc.

The pound rose on Friday as traders digested a parliamentary by-election victory for Andy Burnham which clears a hurdle for him to potentially oust British Prime Minister Keir Starmer, as ​well as a batch of British economic data.

On Thursday the yen saw a sharp depreciation a high of 161.80, its weakest since July 2024.

Persistent strength in the dollar sent ​the Japanese yen sliding to the key 160 level on Wednesday and kept traders on alert for ‌any intervention from Tokyo, as hostilities in the Gulf erupted anew and bolstered demand for the safe-haven U.S. currency.

The British pound was little changed against the dollar on Monday, ‌remaining within its recent narrow range as investors awaited progress on peace talks between the U.S. and Iran.

The pound slipped on Tuesday after optimism about an Iran peace deal was tempered by U.S. attacks on Iranian targets and comments from Secretary of State Marco Rubio ​that talks could still take a few days.

The pound was steady against the dollar on Thursday as broader currency markets focused on developments in the Iran war, while traders ​digested some worse-than-expected surveys of British business activity.

Sterling dropped on Thursday, while UK government bonds held on to their price gains, ​as a political crisis in the ‌UK escalated with the resignation of health minister Wes Streeting turning up the heat on Prime Minister ​Keir Starmer.

Sterling slid against the dollar and the euro on Tuesday ​as markets kept a close watch on ‌political developments, amid growing concern that British Prime Minister Keir Starmer could step down.

The U.S. dollar strengthened broadly on Tuesday as talks to end the war in the Middle East showed no signs ​of progress, pushing oil prices higher and worrying investors that interest rates may need to stay higher to tackle inflationary pressures.

The British pound was broadly steady on Tuesday as traders focused on UK local elections on Thursday that could add to the pressure ​on Prime Minister Keir Starmer, and the standoff between the U.S. and Iran ‌in the Strait of Hormuz.

The pound edged lower against the dollar on Wednesday, as a stalemate over ‌peace talks to end the Iran war, together with caution ahead of a series of major central bank decisions, including the Bank of England, kept investor risk appetite in check.

Sterling edged up against the dollar on Monday as markets focused on geopolitics amid uncertainty over a possible U.S.-Iran deal that could reopen the Strait of Hormuz, ​while awaiting the Bank of England policy meeting later this week.

The British pound steadied on Friday, having returned to levels seen before the onset of the Iran war, with traders overlooking the renewed pressure on British Prime Minister Keir Starmer ​to resign.

The ​pound on Wednesday took a breather from its longest stretch of gains in a year, dipping against ‌the dollar after a swell of investor optimism over a possible resolution to the Iran war pushed the safe-haven greenback to six-week lows.

The ​dollar advanced against major currencies on Thursday, reversing two days of losses, as U.S. President Donald Trump’s ‌address on Iran shattered hopes for a swift end to the Middle East conflictand dented investor sentiment.

Sterling slid to its weakest level in more than three weeks against the euro and was on track for a fifth consecutive daily loss versus the ​dollar, as investors fretted about the impact of the Iran war on the ‌British economy.

The Indian currency fell 29 paise to an intra-day low of 94.05.

The British pound fell against the dollar on Tuesday, ​reversing some of its rise from the day before, as the Middle East war continues ‌to hold sway over markets and as signs emerged that the conflict was starting to affect Britain’s economy.

The pound rebounded on Monday after President Donald Trump said the U.S. would postpone strikes on ‌Iranian power plants for five days, abandoning his previous threat that had sent stocks tumbling and the dollar surging.

The yen and euro languished on Tuesday as the widening Middle ​East conflict focused attention on countries dependent on energy imports and how central banks might respond to inflation pressures.

The pound dropped on Tuesday after data showed Britain’s unemployment rate rose to a five-year high in December while wage growth cooled, potentially adding to the case for further Bank of England rate cuts.

The U.S. dollar lingered near a two-week high on Friday as investors unwound risky bets following a deep rout in stocks driven by AI-spending concerns, while the yen firmed ahead of a national election on Sunday.

The British pound rose to a four-month high against a softening dollar on Monday, extending gains from last week when strong domestic data pushed the currency higher.

The dollar fell on Monday as investors unnerved by ​U.S. President Donald Trump’s latest tariff threats against Europe over Greenland piled into the safe-haven yen and Swiss franc, ‌in a broad risk-averse move across markets.

Sterling rose on Friday, and was set for its fifth consecutive weekly rise against the euro, after data this week showed that the British economy grew more strongly than expected in November.

Sterling slightly pared its fall against the dollar on Thursday after UK economic data showed the economy grew more strongly than expected in November, but failed to affect the policy rate outlook.

The Canadian dollar edged lower against ‌its U.S. counterpart on Tuesday as a downturn in stocks and recent widening of yield spreads weighed on the commodity-linked risk-sensitive currency.

Sterling rallied against the U.S. dollar on Monday, alongside the euro and the Swiss franc, after the Trump administration threatened Federal Reserve Chair Jerome Powell with a criminal indictment.

Sterling held near its highest level in over three months against the euro and dollar on Wednesday, as steadying risk appetite left European stocks little changed following a three-day rally that pushed them to record highs.

The pound held steady against both the dollar and the euro in thin holiday trading on Monday with little in the way of scheduled events that could move the currency until the new year.

The yen weakened in volatile trade on Friday after the Bank of Japan delivered a widely expected rate hike, while its governor offered few hints on the timing of future increases even as he left the door open to further tightening.

Sterling weakened on Wednesday after an unexpected drop in UK inflation all but guaranteed that the Bank of England would cut interest rates, while the dollar rose as traders awaited other central bank decisions and weighed commentary from Federal Reserve officials.

The British pound was steady on Thursday before the Bank of England’s latest policy decision, with the central bank widely expected to lower borrowing costs for the sixth time during this cycle and fourth time this year.