Reported about 7 hours ago
The US dollar weakened as inflation data showed signs of cooling, prompting bond yields to decline, while the Japanese yen surged to a one-month high amid increasing expectations of a rate hike from the Bank of Japan. The yen rose nearly 1% against the dollar, supported by speculation of federal rate cuts in the US and potential rate increases in Japan. Market participants are also watching for developments related to the upcoming presidential inauguration and Chinese growth figures.
Source: YAHOO