Reported 4 months ago
The article discusses how the dollar remained strong against the Japanese yen as U.S. yields increased ahead of key inflation data while investors resumed carry trades. The yen weakened due to pressure from higher U.S. yields and low volatility in FX markets, with the dollar reaching 157.275 yen and the U.S. dollar index at 104.83. The U.S. core PCE price index report is expected to be released on Friday, impacting the currency market further. Other currencies rallied against the U.S. dollar, except the Australian dollar, which fell despite an unexpected rise in Australian consumer price inflation.
Source: YAHOO