Dollar rally eases versus yen as central bank pricing shifts
The dollar loses some momentum, particularly versus the Japanese yen, as markets price upcoming central bank decisions amid an uncertain outlook and perceive the Fed as more hawkish than the Bank of Japan after both raised rates this week.
The dollar lost some steam, especially against the Japanese yen, as markets priced in central bank decisions against an uncertain outlook. The Fed is seen as more hawkish than the Bank of Japan after both central banks raised rates this week.