Yen hands back gains, dollar waits on CPI
The dollar rose about 0.9 per cent on the yen overnight . At 145.96 yen it is about 3 per cent above a low touched last week after remarks on the challenging outlook from Bank of Japan Governor Kazuo Ueda were taken as a hint that a policy shift was imminent.
The yen nursed losses on Tuesday as traders walked back expectations for a Japan rate hike, while the dollar was waiting on US inflation data and a slew of central bank meetings. Image: Reuters/ Representational image