Dollar Rebounds While Yen Weakens Ahead of BOJ Decisions

Reported about 9 hours ago

The dollar has risen, recovering from weak U.S. data as investors noted easing tensions in the trade war, while the yen has fallen following the Bank of Japan's cuts to growth and inflation forecasts. The yen slipped about 0.5% to 143.73 per dollar, as the central bank held interest rates steady, suggesting reduced chances of hikes. Amid hints of potential trade deals from the U.S. with countries including China, the dollar's gains have caused declines in the euro and sterling, despite concerns over a slowdown in U.S. hiring.

Source: YAHOO

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