Market Comment – Yen gains on BoJ remarks, dollar awaits key inflation data
Posted on February 29, 2024 at 9:31 am GMTBoJ’s Takata signals that policy adjustment is approaching Dollar braces for PCE inflation data Wall Street pulls back, Bitcoin surges above $60,000 BoJ’s Takata adds fuel to yen’s engines The US dollar traded higher on Wednesday, but it seems to be cooling down today, as it is trading virtually unchanged or lower against most of its major peers, with the main gainer being the Japanese yen. The wounded yen found some footing after Bank of Japan board member Hajime Takata [..]