The US dollar is on track to weaken for a second straight quarter, with pressure mounting as global risk sentiment improves and policy uncertainty lingers. In this video, Lee Hardman, Senior Currency Analyst, highlights how delays to US tariff hikes and elevated concerns over the country's fiscal outlook—particularly surrounding the "One Big, Beautiful Bill" and Section 899—are weighing on the greenback.
Meanwhile, the Japanese yen has underperformed amid easing trade tensions and speculation that the Bank of Japan could slow JGB tapering in the next fiscal year. Yet, with further BOJ rate hikes still on the table, markets remain alert to Japan's policy trajectory.
Watch the full analysis in the video
