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Japanese Yen drifts lower as sustained USD buying offsets intervention fears

The USD/JPY pair attracts some buyers following the previous day's two-day price moves, trading above the 158.00 mark during the early part of the European session on Tuesday.

Japanese Yen drifts lower as sustained USD buying offsets intervention fears

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Colombia Central Bank Minutes Reveal 4-2-1 Rate Split

BanRep's minutes reveal a divided board: inflation fears won a narrow majority for a 12.25% rate, while two directors warned about the cost to growth.

  • Colombia's central bank voted 4-2-1 to raise interest rates by 25 basis points.
  • Inflation exceeded 3% target, with core inflation at 6.1% in August.
  • Board members cited El Niño and higher input prices as inflation drivers.

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