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US dollar slips against yen as focus shifts to inflation data
['Saqib Iqbal Ahmed', 'July', 'Min Read']
Yahoo Finance
The dollar was also weaker across the board after data showed U.S. inflation slowed in June, a day after the Federal Reserve left interest rates unchanged, dashing hopes for a rate hike.
Against the yen, the dollar was down 2.6% at 159.225 yen, its weakest since May 14.
The yen's jump comes ahead of the Bank of Japan's interest rate verdict on Friday.
Economists anticipate Japanese interest rates will stay at 1%.
Separately, data showed U.S. economic growth slowed in the second quarter amid a widening in the trade deficit.