Dollar Slides Against Yen as Traders Eye US Economic Data

The US Dollar slipped against the Japanese Yen on Thursday, trading at 154.41, down 0.24% from the previous session. This marks a pause after several weeks of gains, as investors remain cautious despite the end of the US government shutdown.

Attention is now focused on upcoming US economic reports, which could influence market sentiment in the weeks ahead. While the labor market shows signs of easing, inflation remains a key concern, leaving policymakers careful about immediate decisions.

The Japanese Yen strengthened slightly as markets reacted to broader economic signals and ongoing coordination between Japan’s government and central bank. Officials have emphasized continued efforts to support steady economic growth, though major changes in the Yen are limited by Japan’s current policies.

Overall, the Dollar’s decline and the Yen’s modest gains highlight uncertainty in global markets. Traders are watching developments in the US economy closely, as these will likely shape currency movements in the near term.