Forex

Analysts at ING commented after markets were disappointed by the Bank of Japan's recent guidance and the yen hit lows vs the dollar.

"The Bank of Japan left its key interest rates unchanged today. Markets are clearly disappointed with the colourless policy guidance, but we believe the latest outlook report and Governor Ueda's comments support our view that the BoJ will deliver a 15bp hike in July, followed by a 25bp hike in October," said Min Joo Kang ING's Senior... (continue reading...)

Yen Weakens Past 157 Per Dollar As Slide Accelerates - Bloomberg

Investing.com - The U.S. dollar drifted lower Friday, ahead of the release of key U.S. inflation data, which could drive sentiment with the Federal Reserve meeting next week.

At 04:55 ET (08:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 105.395, having climbed to 106.00 on Thursday. 

Data released on Thursday showed that U.S. gross domestic product grew at a 1.6% annualized... (continue reading...)

Investing.com-- Most Asian currencies weakened on Friday, while the dollar steadied in anticipation of key inflation data that is expected to factor into the Federal Reserve’s stance on interest rate cuts. 

While an overnight drop in the dollar- following weaker-than-expected U.S. gross domestic product data- offered some relief to Asian units, this was largely offset by persistent bets on higher-for-longer U.S. interest rates. The dollar also trimmed some of its... (continue reading...)

By Gertrude Chavez-Dreyfuss

NEW YORK (Reuters) -The dollar surged to a fresh 34-year high against the yen on Friday, bolstered in part by U.S. inflation data that showed no signs of easing, coming in line with forecasts and affirming expectations that the Federal Reserve will likely delay cutting interest rates to later this year.

The dollar's peak against the yen came after the Bank of Japan kept interest rates steady at its end of its... (continue reading...)