The Yen weakened after recent advances, as traders waited for the Federal Reserve’s upcoming interest rate decision. While the US Dollar remained stable on Monday. Uncertainty lingers whether the Fed will decide on a 25-basis-point or a 50-basis-point cut. US job data released last Friday showed mixed results keeping markets cautious.
The Dollar Index remained steady at 101.21, while the Yen dipped to 0.26% in Asia Trade. Investors are now focusing on Wednesday’s US inflation report for further signals.
- Euro: $1.1089 (+0.03%)
- Sterling: $1.3138 (+0.06%)
The job market remains robust but lacks clarity on Fed rate cuts. Policymakers lean towards gradual easing, with inflation data being key. The Australian Dollar advanced slightly, recovering from a recent dip.
