Yen Weakens Sharply Amid Japan's Fiscal Concerns; Dollar Strengthens on Mixed U.S. Inflation Signals
The Japanese yen experienced a significant decline against the U.S. dollar, dropping to its lowest point since July 2024 due to concerns over potential fiscal stimulus and monetary easing under Prime Minister Sanae Takaichi. The U.S. dollar gained broadly, buoyed by inflation data that largely met expectations, suggesting persistent but moderating …