It is expected to show that headline inflation was unchanged in November, for an annual increase of 3.1%, down from 3.2% in October.Ī New York Fed survey showed that the path U.S. consumer price inflation data on Tuesday for clues on the likely path of Federal Reserve policy. Sterling gained 0.06% to $1.2555, after hitting a 15-day low of $1.2504 on Friday. The euro was unchanged on the day at $1.0762, close to Friday's 24-day low of $1.0724. The dollar rose 0.13% against a basket of currencies to 104.08. The yen has given up almost all of its rally on Thursday, when it reached 141.6 yen against the dollar. The dollar rose as high as 146.58 yen and was last at 146.14 yen, up 0.85% on the day. Ueda’s words last week weren’t actually any sort of concrete statement that they were going to end that negative interest rate,” said Helen Given, FX trader, at Monex USA in Washington. The Japanese currency surged on Thursday after Bank of Japan (BOJ) Governor Kazuo Ueda, who on the same day met with Prime Minister Fumio Kishida, said the central bank had several options on which interest rates to target once it pulls short-term borrowing costs out of negative territory.īloomberg, however, reported on Monday that BOJ officials have not yet enough evidence that wage growth is enough to justify ending its ultra-loose monetary policy this month. inflation data and three major central bank meetings. NEW YORK (Reuters) -The Japanese yen weakened against the dollar on Monday for a second straight day, giving back most of a rally last week on expectations of less dovish monetary policy, and as investors awaited U.S.
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