This Wednesday, the South African rand stable pending the decision on interest rates, while the yen fluctuates before the Japanese bonds are auctioned, and the Indian rupee is held back by the dollar auction at the end of the month and the strengthening of the greenback.

The South African rand remained stable during initial trading, with investors preferring caution ahead of the central bank's interest rate decision expected on Thursday. At 06:45 GMT, the South African currency traded at 17.9725 per dollar, almost at the same level as the close

The Japanese yen wavered in volatile trading on Wednesday, with bond market turmoil keeping the focus on the fiscal health of major economies while the U.S. dollar stabilized after a strong end to the session due to upbeat economic data. The yen was little changed at 144.345 per dollar in early trading after falling 1% on Tuesday following reports that Japan was considering reducing its very long-term bond issues after a sharp rise in yields in recent weeks. The yen has gained nearly 9% so far in 2025 due to a weak dollar and flows to safe havens as investors flee American assets following President Donald Trump's erratic trade policies that disrupted markets

The Indian rupee fell on Wednesday in the face of demand for end-of-month dollars from importers and a broad recovery in the greenback following better-than-expected US consumer confidence data. The rupee weakened to 85.6575 against the US dollar at 11:20 AM IST, down 0.3% on the day. In the short term, the rupee is expected to hover between 84.80 and 85.80, said Amit Pabari, managing director of