Powell and Ueda testimonies
Weaker Yen But Investor Attention Shifting to U.S. CPI Data Release Later This Morning
February 12, 2025
Bank of Japan Governor Ueda’s failure to use testimony before the Diet to pinpoint possible timing of next central bank interest rate hike sent the yen sliding 0.6% overnight against the dollar and by even more versus other currencies. Against other currencies, the dollar lost 0.3% versus the Swiss franc, 0.2% vis-a-vis the euro and […] More
