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The Nikkei Index holds above 33,000, reaching 1990 highs. Berkshire releases yen bonds, mulling expanded Japanese stock holdings.
On Wednesday, the dollar hovered near a 2.5-month low. The Fed's recent minutes leaned dovish, affirming the end of the rate-hike cycle.
On Monday, the dollar index hit a 2-month low, extending its decline as investors considered peak interest rates and a >50% chance of a May cut.
The dollar slid to a two-month low on Monday, extending a downtrend from last week as traders reaffirmed their belief that US rates have peaked.
The dollar is set for a major weekly decline against the euro, yen, and franc. Investors expect nearly 100 bps rate cuts next year.
The Japanese yen headed for its best week against the dollar as the US-Japan rate gap narrowed, staying above the crucial 150 level.
Thursday: The dollar is stable as peak rate expectations cool. The Aussie lacks support despite a strong labor market rebound.
Wednesday's weak dollar reflected lower-than-expected US inflation, fueling speculation that the Fed's tightening cycle has peaked.
Japanese yen near one-year low vs. dollar before the October CPI report; expected inflation drop from 3.7% in September to 3.3%.
The dollar hits a 1-year high vs. the yen on eased Fed rate-cut fears. Japan's October inflation drops below 1%, signaling waning cost pressures.
Friday marked the dollar's best week against the yen in three months, driven by a more hawkish tone from Fed Chair Powell and officials post-meeting.
Euro rose vs. dollar on Thursday after hawkish ECB remarks and falling energy prices, while Aussie and loonie fell due to commodity links.
U.S. stocks had a strong weekly gain, indicating a robust economy. Analysts expect earnings growth in the third quarter to exceed expectations.
The dollar stabilized on Wednesday as several Fed officials hinted at possible rate hikes. All eyes are on Fed Chair Powell's remarks later today.
