The yen hovered near a 40-year low against the dollar as U.S. inflation data met expectations, leading traders to scale back bets on Federal Reserve rate hikes. Mixed signals from Fed officials on the policy path ahead also contributed to the currency's weakness. Despite a slight pullback, the dollar remains strong, poised for its first back-to-back weekly gain since February.
The Japanese yen is hovering near a 40-year low against the US dollar, influenced by US inflation data meeting expectations and leading traders to scale back Federal Reserve rate hike bets. Mixed signals from Fed officials are also contributing to the yen's weakness, while the…
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