Asia FX muted ahead of US inflation data; USDJPY nears 152
Investing.com-- Most Asian currencies moved little on Tuesday and the dollar steadied in anticipation of key U.S. inflation data due later this week, while the Japanese yen moved back towards 34-year lows despite repeated warnings of government intervention.
The yen also took little support from the Bank of Japan’s first rate hike in 17 years, given that the central bank offered largely dovish signals on future policy decisions.moved little in Asian trade after clocking some overnight losses. But traders still remained largely biased towards the greenback ahead of more signals on U.S. interest rates this week.
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