Reported 1 day ago
The yen retreated from a 2.5-month high driven by rising Japanese inflation, while the dollar faced its third consecutive weekly decline as traders reevaluated expectations following Trump's mixed signals on tariffs. The dollar index hit its lowest point for 2025 as traders increased their bets against the currency amid a lack of substantial tariff actions from the Trump administration. The yen showed significant volatility impacted by comments from the Bank of Japan regarding potential bond buying, leaving the short-term outlook for both currencies uncertain.
Source: YAHOO