The dollar-yen pair strengthened modestly in Tokyo morning trading on the 25th, rising from 159.05 to 159.39 as reports about funding sources for U.S. Treasury buybacks eased dollar-selling pressure and prompted some repurchases in Asian markets. Cross-yen pairs also advanced. The session ranges were 159.05 to 159.39 for dollar-yen, 185.52 to 185.85 for EUR/JPY and 1.1659 to 1.1670 for euro-dollar. With crude oil futures and U.S. long-term interest rates pausing their gains, dollar-yen showed no significant downward momentum despite continued uncertainty surrounding the Middle East and U.S. inflation. Trading was expected to remain directionless as markets adopt a wait-and-see stance ahead of the Jackson Hole Symposium later in the week. Separately, minutes from the Reserve Bank of Australia's August 10–11 board meeting said GDP growth is expected to slow through 2026 before gradually recovering over 2027 and 2028. Headline and underlying inflation are expected to remain elevated in the near term, with trimmed mean inflation staying above 3% until mid-2027 before falling to approximately 2.5% in the latter half of that year. Scheduled data include Germany's August Ifo Business Climate Index; the U.S. June S&P CoreLogic Case-Shiller Home Price Index, August Consumer Confidence Index, July New Home Sales and August Richmond Fed Manufacturing Index; Japan's revised June Leading Economic Index; and holiday closures in Malaysia and Indonesia.