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Dollar nears 150 yen ahead of US inflation test; bitcoin buoyant

The dollar flirted with the psychological threshold of 150 yen on Tuesday and held broadly steady ahead of a key reading on U.S. inflation due later in the day, while bitcoin hovered around the $50,000 mark for a second day running. The yen, which has already tumbled more than 5% against the dollar year-to-date, is under persistent pressure as investors pare back their expectations of the scale and pace of the Federal Reserve's easing cycle.
United States New York New Zealand Hong Kong Kyle Rodda Federal Reserve
Source: yahoo.com

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