By Brigid Riley
TOKYO (Reuters) – The dollar held mostly steady on Thursday as traders kept their powder dry before next week’s U.S. inflation data and what it could portend for Federal Reserve policy, while hawkish opinions from Bank of Japan’s members helped the yen slow its fall.
Against the Japanese yen, the dollar has been slowly inching up in recent days after it fell more than 3% last week, its biggest weekly percentage drop since early December 2022.
But the yen found some support in the BOJ’s summary of opinions released on Thursday, which showed board members were overwhelmingly hawkish at their April…
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