Yen Peaks as Dollar Holds Steady
The Japanese currency, the yen, steadied near its highest level since February, trading at around 153.65 yen per dollar, continuing to exert pressure on the US dollar, which declined to a level of 98.15 points. This comes amid concerns that oil prices are approaching $100 per barrel, raising fears over inflation and global interest rate policies. Markets are also awaiting next week's US inflation report and upcoming data on interest rates in Japan and the United States.
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