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US dollar slips against yen as focus shifts to inflation data
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The Business Times
The yen inched up 0.3% to a one-week high of 162.88 against the US dollar.
PHOTO: BLOOMBERG[LONDON] The US dollar weakened against the yen on Thursday ahead of a US inflation report that investors will scrutinise to gauge the path for interest rates, a day after the Federal Reserve left markets guessing about its future monetary policy.
Traders are pricing in a 34.5 per cent chance that the BOE will hike interest rates in September, LSEG-compiled data showed.
Economists anticipate Japanese interest rates will stay at 1 per cent.
In cryptocurrencies, bitcoin was up 2.1 per cent at US$64,802.4, while ether was up 2.1 per cent higher at US$1,923.2.