U.S. Inflation Fuels Dollar Surge: USD/JPY Near 159.00, Reaching Decades-High Levels
US inflation data for May 2024 exceeded expectations, strengthening the U.S. dollar and pushing USD/JPY close to 159.00—a multi-decade high. Persistent inflation solidifies bets on prolonged Fed tightening, while the Bank of Japan maintains loose policy, widening the yield gap. Full insights from VT Markets: https://www.vtmarkets.com/live-updates/as-the-us-inflation-data-emerged-the-dollar-gained-strength-pushing-usd-jpy-close-to-159-00/
