The US currency rose about 0.2% to 147.39 against the yen.
Analysts' opinions
Alvin Tan, head of Asia FX strategy at RBC Capital Markets, said investors have more time to consider Bank of Japan Governor Kazuo Ueda's comments more carefully.
The statements we had in mind were completely conditional. Ueda did not promise anything, he added.
Hiroshige Seko, a member of parliament for the ruling party, also indicated on Tuesday his preference for ultra-loose monetary policy after Ueda's comments led to a rise in the yen and bond yields.
Japanese Yen
The yen was under great pressure against the dollar, as the Bank of Japan continues to pursue a policy that is contrary to the rest of the global central banks, especially since the Federal Reserve began its monetary tightening cycle in March.
2022.
More broadly, the dollar remained stable although moves were weak as traders awaited closely watched US inflation data due later today.
The British pound fell 0.05% to $1.2489, and the Australian dollar fell 0.03% to $0.6408.
Dollar stability
The dollar index, which measures the performance of the US currency against a basket of competing currencies, settled at 104.61 after falling to its lowest level in a week on Monday and recording its largest daily decline in two months.
As for the euro, it saw little change, settling at $1.0753.
The highest level in a week was recorded at $1.0777 in the last session, with rising expectations that the European Central Bank will continue to raise interest rates before announcing the monetary policy decision.
A source told Reuters that the European Central Bank expects inflation in the euro zone, which includes 20 countries, to remain above 3% next year, which reinforces expectations of an increase in interest rates for the tenth time in a row tomorrow, Thursday.
