Key facts
- The US dollar weakened against the Japanese yen on Thursday.
- The yen reached a one-week high of 162.88 against the dollar.
- The market is awaiting a US inflation report.
- The Federal Reserve left monetary policy uncertain the previous day.
The US dollar experienced a decline against the Japanese yen on Thursday, reaching a one-week high for the yen. This movement occurred as markets awaited a significant US inflation report and followed a Federal Reserve meeting that left investors uncertain about the central bank's future monetary policy. The yen appreciated by 0.3% to 162.88 against the dollar. However, traders indicated that this sharp rise did not signal any intervention from Japanese officials.