Yen Continues to Challenge Dollar’s Strength After Japan Inflation and US Durable Goods Data
Key Takeaways: Japan’s core consumer inflation exceeded forecasts, leading to expectations of the Bank of Japan potentially ending negative interest rates by April.
The yen strengthened on the surprising CPI data exceeding market expectations.
U.S. durable goods orders fell more than expected in January, tumbling 6.1%.
Markets have adjusted expectations on … Read more