💨 Abstract

The Bank of Japan raised interest rates by 25 basis points and revised up its inflation forecasts, causing the yen to rise. The dollar dropped to a one-month low after US President Trump suggested a potentially softer stance on tariffs against China, leading to a rise in the yen and other Asian currencies. Trump's comments also caused the dollar to decline against the euro and sterling.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖