United States Richmond Fed Manufacturing Index above expectations (-17) in August: Actual (-7)

Aug 26, 2025

USD/JPY recovers above 147.50 as markets focus on Trump-Fed feud

USD/JPY lost its traction and declined below 147.00 after posting strong gains on Monday. Although the pair recovers above 147.50 region in the second half of the day on Tuesday, it remains in negative territory.

BoE’s Mann: A more persistent hold on the bank rate is appropriate right now

Catherine Mann, a member of the Bank of England’s Monetary Policy Committee (MPC), said on Tuesday that the bank rate should be held persistently to lean against inflation risks. She added that she was ready to cut rates more forcefully if downside risks to growth materialise.