The U.S. dollar has risen to a two-month high, reaching a 10-week peak against the Japanese yen, as expectations for Federal Reserve easing diminish ahead of the Consumer Price Index (CPI) release. This increase follows strong jobs data that has shifted market sentiments regarding future Fed rate decisions. Key currency pairs affected include the U.S. dollar index ($DXY), Euro to U.S. dollar ($EURUSD), Japanese yen to U.S. dollar ($JPYUSD), and cryptocurrencies such as Bitcoin ($BTC) and Ethereum ($ETH). The dollar's strength reflects investor anticipation of inflation data that could influence monetary policy.
Dollar hits 10-week high against yen as Fed bets ebb ahead of CPI https://t.co/VduEMIkfN8
US dollar hits 10-week high against Japanese yen as Fed bets ebb ahead of CPI https://t.co/h506LjjSJ5 via @Reuters https://t.co/LPXQjpnWrW
Dollar hovers near two-month peak as Fed easing bets ebb before inflation data https://t.co/ZRQ29FhERe https://t.co/oysDyPNgtK