Elin stays at 153 as dollar swings and oil prices impact sentiment
The Japanese yen settled at 153.65 against the dollar, affected by the rise in oil prices to around $100 per barrel due to tensions in the Middle East, reaching its highest level in seven months at 152.89. This occurred alongside a slight decline in the dollar and expectations awaiting the US inflation report and the meetings of the US and Japanese central banks next week. The escalation of tensions led to higher oil prices and Brent futures, which influenced the currency market and limited the dollar's behavior, while other currencies such as the euro and British pound gained against the dollar.
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