The dollar slipped on Thursday as cooling U.S. inflation data raised chances of Federal Reserve rate cuts, while the yen hit a one-month high on rising bets on a rate hike in Japan. Traders are also keeping an eye on Donald Trump's inauguration and possible tariff orders. The dollar index remains 0.5% firmer in January and markets priced in about an extra 10 bps of Federal Reserve easing this year after the inflation data.
image sourced from original article at https://www.dailymail.co.uk/wires/reuters/article-14290409/FOREX-US-inflation-relief-dents-dollar-yen-gains-ahead-BOJ.htmlOriginal article source: https://www.dailymail.co.uk/wires/reuters/article-14290409/FOREX-US-inflation-relief-dents-dollar-yen-gains-ahead-BOJ.html
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