Dollar Gains After Rates-Driven Yoyo; Yen Fragile Ahead of BOJ

CURRENCY - LONDON. The dollar edged up on Thursday, recovering some of the losses sparked by softer than expected U.S. inflation data on Wednesday, after the Federal Reserve forecast just one rate cut this year.

The yen remained under heavy pressure ahead of a Bank of Japan meeting on Friday and traders prepared for more volatility in the currency.