USDJPY : This kept the dollar at a 10-month high, with the doll
The data and addresses are set to provide more signals on the world`s largest economy and will be closely watched after a surprise rise in US inflation over the past three months raised concerns of a The Fed is more hawkish.
This kept the dollar at a 10-month high, with the dollar index and dollar index futures rising slightly during the Asian session on Tuesday.
Uncertainty about the US economy has most traders wary of risky Asian currencies. The Indian Rupee was unchanged, while the Korean won and Taiwanese dollar lost 0.3% and 0.1%, respectively.
The Japanese Yen was flat, hovering just below the 150 level as markets watched for any potential government intervention in currency markets. This week's focus is also on Japan's consumer inflation data, which is expected to have an impact on the Bank of Japan's monetary tightening plans.
Most Asian currencies have fallen sharply over the past two weeks as the war between Israel and Hamas has started to reduce risk appetite. Difficult inflationary signs in the US have markets worried about a long-term rise in interest rates, which does not bode well for regional markets.
This kept the dollar at a 10-month high, with the dollar index and dollar index futures rising slightly during the Asian session on Tuesday.
Uncertainty about the US economy has most traders wary of risky Asian currencies. The Indian Rupee was unchanged, while the Korean won and Taiwanese dollar lost 0.3% and 0.1%, respectively.
The Japanese Yen was flat, hovering just below the 150 level as markets watched for any potential government intervention in currency markets. This week's focus is also on Japan's consumer inflation data, which is expected to have an impact on the Bank of Japan's monetary tightening plans.
Most Asian currencies have fallen sharply over the past two weeks as the war between Israel and Hamas has started to reduce risk appetite. Difficult inflationary signs in the US have markets worried about a long-term rise in interest rates, which does not bode well for regional markets.
