Yen weakens ahead of US inflation data, investors cautious

From Google: 2024-08-11 21:09:00

The yen weakens as markets prepare for key US inflation data. The Japanese currency sees a decline against the US dollar and other major currencies. Investors are cautious amid uncertainty over potential inflationary pressures in the US economy. This comes as the Federal Reserve monitors economic indicators for signs of rising prices. The market is on edge as analysts anticipate the impact of inflation data on the Federal Reserve’s monetary policy decisions. Traders are closely watching for any hints of future interest rate adjustments based on the latest economic data.



Read more at Google: Yen slips, markets brace for US inflation data – Yahoo Finance