Eurozone sentiment supports the Euro amid a cautious ECB tone. The Japanese Yen remains pressured as the Bank of Japan adopts a dovish tone. The Euro (EUR) is pulling back against the Japanese Yen (JPY) on Tuesday after hitting a year-to-date high and its strongest level since July.

Bank of Japan chief Kazuo Ueda on Tuesday expressed concern about the outlook for the Japanese economy following U.S. President Donal

The decision came as an escalating Middle East conflict and U.S. tariffs complicate the BOJ's task of raising still-low interest rates and reducing a balance sheet that has ballooned to roughly the size of Japan's economy.

Following are excerpts from BOJ Governor Kazuo Ueda's comments at his post-meeting news conference, which was conducted in Japanese, as translated by Reuters: "It's desirable to continue tapering to allow yields to move more freely reflecting market forces. But tapering too rapidly could cause unintended impact on market stability."

The Bank of Japan’s decision to hold interest rates and slow its withdrawal from the bond market was widely expected and should help reassure investors, though there will still be plenty of interest in Governor Kazuo Ueda’s press conference,

The dollar slipped slightly against a range of currencies on Tuesday including the yen, which strengthened following the Bank of Japan's (BOJ) rate decision. Broader risk sentiment remained fragile with the Israel-Iran conflict entering its fifth day.