FOREX - Yen Hits 4-Week Low, Dollar Up ahead of Key Inflation Data

May 30, 2024, 04.58 AM | Source: Reuters
FOREX - Yen Hits 4-Week Low, Dollar Up ahead of Key Inflation Data

ILUSTRASI. FOREX - Yen Hits 4-Week Low, Dollar Up ahead of Key Inflation Data. REUTERS/Lee Jae-Won/File Photo

FOREX - NEW YORK, May 29 (Reuters) - The dollar rose on Wednesday, boosted by higher U.S. bond yields ahead of key inflation data later in the week, and strengthened against the Japanese yen.

The dollar reached as high as 157.715 yen JPY=EBS on Wednesday, edging closer to levels that led to bouts of likely intervention from Tokyo at the end of April and early May.

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