The dollar traded softer against the yen in New York on Aug. 27, with USD/JPY at 159.33 as of midnight, down about 0.08 yen from 159.41 at 10 p.m., after broad dollar selling briefly pushed the pair near 159.28. Traders avoided aggressive downside tests ahead of Fed Chair Warsh’s first-ever Jackson Hole speech on Aug. 28, leaving major pairs largely directionless as the Kansas City Fed’s three-day symposium opened in Wyoming. EUR/USD rose slightly to $1.1644 and touched $1.1660 before stalling below the prior day’s $1.1677 high, while EUR/JPY slipped to 185.53 yen. Bank of Japan Deputy Governor Ryozo Himino’s overseas remarks on tighter policy were not read as a clear September hike signal, prompting brief yen selling. U.S. initial jobless claims fell 4,000 to 203,000, below the 208,000 expected, pointing to labor-market resilience with limited FX reaction. Euro support also came from firmer European data and speculation the ECB could lean toward hikes if inflation pressures persist. Markets remain focused on whether Warsh addresses inflation and rising rates, a catalyst that could end the wait-and-see stance and drive sharper moves in dollar-yen and other majors.