Dollar Slightly Lower as Yen Recovers
The U.S. dollar is slightly down amid a recovery in the Japanese yen, which rose from a 39-year low due to expectations of faster interest rate hikes by the Bank of Japan (BOJ). The dollar's losses are limited by rising crude oil prices and higher Treasury note yields that support inflation expectations and monetary policy tightening.
Topics: BOJ policy Dollar Fed rate expectations Geopolitical tensions Oil prices Yen