💨 Abstract

The Japanese yen strengthened due to growing expectations of a rate hike by the Bank of Japan, while the pound found relief from cooling inflation. Traders were cautious ahead of U.S. price data, which could limit Federal Reserve rate cuts this year. In Japan, BOJ Governor Kazuo Ueda indicated a potential interest rate increase, and deputy governor Ryozo Himino suggested a debate on raising rates at the next policy meeting.

Courtesy: theprint.in