The yen remains under pressure against other major currencies, despite the possibility of Japanese authorities intervening to support it. The Australian dollar also dropped after inflation data showed a slowdown in May. Market expectations of the Bank of Japan maintaining ultra-low interest rates while other central banks tighten monetary policy have weighed on the yen. The dollar reached a seven-month high against the yen, while the euro climbed to a 15-year high. The Australian and New Zealand dollars also experienced falls. Traders are also monitoring the European Central Bank's conference for insight into future rate hikes.
