Rising Value of Dollar Prompts Currency Intervention Speculation; Unexpected Inflation in US Dispels Interest Rate Cut Hopes

The dollar is reaching a 34-year high against the yen

Since 1990, the value of the dollar has surpassed 160 yen, with the dollar being worth 160.17 yen in morning trading. This increase has sparked speculation about potential intervention by Japanese authorities to bolster their currency. Meanwhile, in the United States, inflation was higher than expected at the end of last week, dispelling hopes of an interest rate cut this year.

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