Dollar stable in Brazil as yen slides despite BoJ hike to 1.25%

The commercial dollar opened near stability in Brazil, bucking a global trend of dollar strength against developed and emerging currencies. The yen depreciated ~1% against the dollar even after the BoJ raised rates from 1% to 1.25%, signaling market skepticism about further tightening. Brazilian investors are also weighing the electoral scenario and a Datafolha poll, adding domestic political risk to FX dynamics.