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In today’s ForexLive Asia-Pacific FX news wrap, Bank of Japan Governor Kazuo Ueda addressed key monetary policy issues, underscoring the central bank’s commitment to maintaining its accommodative stance. His remarks influenced market sentiment, impacting the yen’s fluctuations.

Italy’s manufacturing PMI for February came in at 47.4, exceeding expectations of 46.8, indicating a slight improvement in economic activity. Despite remaining below the critical 50 threshold, this uptick suggests resilience in the sector amidst ongoing challenges.