yen, euro and Dollar
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20hon MSN
Euro, yen upbeat on trade progress
The euro crept toward its highest level in nearly four years on Thursday while the yen held to gains following more progress on trade deals between the United States and its largest trading partners,
Tokyo inflation eases but remains above target, keeping BoJ rate hikes on the table as USD/JPY reacts to softer data and US durable goods orders loom.
The yen strengthened versus the dollar on Monday after Japan’s Prime Minister Shigeru Ishiba said he would carry on as leader even as the ruling coalition lost its majority in the upper house election.
Traders are ramping up expectations for Fed rate cuts in 2026, which supports the bull case in BTC; however, the bond yield differential suggests JPY strength ahead.
Investors will be keeping a close watch on the People’s Bank of China’s decision on its 1-year and 5-year loan prime rates for July, expected later in the day.
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Currency traders focused on Wednesday on the yen, which see-sawed as they weighed speculation about the future of Japanese Prime Minister Shigeru Ishiba against U.S. President Donald Trump's announcement of a trade deal with Japan.
The foreign exchange market is quiet. The greenback is narrowly mixed against the G10 currencies. Click to read.