Yen Stalls at 40-Year Low as U.S. Dollar Sees Brief Pause Amid Mixed Inflation Signals
The Japanese yen held steady near a 40-year low against the U.S. dollar on Friday, halting a sharp upward move in the greenback. Market participants recalibrated expectations for Federal Reserve rate hikes after U.S. inflation figures met forecasts and central bank officials offered conflicting views on future policy direction. While the dollar ind…