Yen slides as traders eye new US sanctions, CPI data

By Yahoo! Finance   |   1 month ago
Yen slides as traders eye new US sanctions, CPI data

The dollar strengthened against the yen as traders awaited U.S. inflation data and reacted to sanctions on Russian oil companies. Oil prices surged, impacting currencies tied to oil imports. Japanese yen weakened amid these developments, with market focus on policies of new Japanese prime minister. Oil price rise boosted the Norwegian crown.

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