The Japanese Yen (JPY) gains positive traction against its American counterpart for the second straight day on Tuesday, dragging the USD/JPY pair to the 147.25 region during the Asian session. President Joe Biden is expected to authorize US military action in the Middle East in response to the drone attack by pro-Iranian militias near the Jordan-Syria border that killed three American soldiers. This raises the risk of a further escalation of geopolitical tensions, which, in turn, is seen as benefiting the JPY's relative safe-haven status. Meanwhile, the Bank of Japan (BoJ) signaled last week that conditions for ... (full story)