Dollar firms as Trump's tariffs loom, yen set for monthly gain
The yen was meanwhile set to end the month with a gain of more than 3.6%, its best since last July, on heightened bets of more Bank of Japan (BOJ) rate hikes this year.
The Japanese currency was last 0.04% higher at 149.65 per dollar, trimming some of its earlier gains after data on Friday showed core inflation in Tokyo slowed in February.
«The narrative from Japan in terms of economic activity is still very encouraging,» said Rodrigo Catril, senior currency strategist at National Australia Bank (NAB).
«The inflation dynamics are screaming that normalisation should be happening sooner rather than later, but the Bank of Japan will remain cautious and move very slowly because of that uncertain environment we are currently in.»
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