Consumer Expectations On News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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.

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 surged to a more than... -February 13, 2024 at 01:34 am EST - MarketScreener

Trading was largely subdued early in Asia with markets in China and Hong Kong still closed for the Lunar New Year holidays and as traders stayed on guard ahead of Tuesday's release of consumer prices data in the world's largest economy.

The Bank of Japan is expected to resist rate hikes

For finance executives, the threat to credit availability now adds to the challenges posed by inflation and geopolitical concerns.