Asia FX steadies ahead of more Fed cues; USDJPY on intervention watch
Investing.com-- Most Asian currencies moved little on Thursday, while the dollar steadied as traders awaited key inflation data and addresses from Federal Reserve officials for more cues on interest rates.pair hovering below its highest level in 34 years after a slew of government officials warned they could intervene in currency markets.
The pair surged largely on weakness in the yen, after BOJ officials offered a dovish outlook on tightening monetary policy further. The USDJPY’s previous breach of 1990 highs- which was in late-2022- sparked record-high dollar selling by the Japanese government.moved little in Asian trade on Thursday, and were within sight of one-month highs, as traders remained largely biased towards the greenback in anticipation of more cues on interest rates.data- the Fed’s preferred inflation gauge- is due on Friday.
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