Forex Today: Persistent US Inflation Boosts Dollar, Sinks Stocks
In the Forex market, the US Dollar is mostly holding its gains. The Bank of Japan reportedly conducted a rate check late in the Asian session to signal its preparation to intervene in favour of the Yen, after the , which seems to have become a red line for the Bank. The sent the USD/JPY price back below the ¥144 level. Japanese policymakers are also trying to talk up the Yen.
Daily new coronavirus cases globally dropped last week for the eighth consecutive week, giving rise to the hope that the pandemic is finally over in any meaningful sense.
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