Yen Hits One-Month Low vs Dollar; US Inflation Data in Focus
Yen Weakens Against Dollar
The Japanese yen weakened to the lowest level in nearly a month against the dollar as economic uncertainty caused by the Iran war clouds the Bank of Japan's path for rate increases.
BOJ Governor's Remarks
BOJ Gov. Kazuo Ueda said Wednesday that sharp gains in oil prices don't necessarily lead to higher inflation.
US Inflation Data in Focus
Investors will be focusing on U.S. PCE inflation data due later Thursday and their implications for the Fed's policymaking. The dollar is at 159.54 yen after earlier rising to Y159.60, the highest level since April 30.
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