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Yen Weakens as Japan's Inflation Dips, US GDP Soars

3/1/2025

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Summary

Story summary

The Japanese yen is feeling the strain, trading at 150.39 against the dollar. Meanwhile, Tokyo's core CPI dipped to 2.2% in February, down from 2.5% in January, reducing the urgency for the Bank of Japan to hike rates. Amidst rising bond yields, the BoJ is likely to keep a hawkish outlook. In the US, GDP saw a robust growth of 2.3% in Q4 2024.

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Story summary

The Japanese yen is feeling the strain, trading at 150.39 against the dollar. Meanwhile, Tokyo's core CPI dipped to 2.2% in February, down from 2.5% in January, reducing the urgency for the Bank of Japan to hike rates. Amidst rising bond yields, the BoJ is likely to keep a hawkish outlook. In the US, GDP saw a robust growth of 2.3% in Q4 2024.