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Forex

Dollar Dives as Markets Eye Inflation and Interest Rates Ahead of US Report

Guavy AI Editorial Team
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USD JPY
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The US dollar experienced weakness against the yen on Thursday as investors anticipate the upcoming U.S. inflation report.

This report is expected to provide insights into future interest rate decisions following the Federal Reserve's latest meeting where no clear monetary policy direction was given.

The yen rose 0.3% to reach 162.88 against the dollar, but traders noted that this uptick seemed unaffected by any Japanese intervention in response to the currency's historic lows.

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