Dollar nears 150 yen ahead of US inflation test; bitcoin buoyant
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The dollar is approaching the 150 yen mark, which could trigger further action from Japanese officials. The yen has weakened against the dollar due to expectations of the Federal Reserve's easing cycle and the Bank of Japan's reluctance to aggressively hike rates. The US inflation report for January is expected to provide clarity on the Fed's rate cuts this year. The dollar has been benefiting from strong US economic data, while other currencies, particularly in Europe and Asia, have not shown the same level of strength. Bitcoin has risen above $50,000 for the first time in over two years, driven by expectations of rate cuts and anticipation of the halving event.

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https://www.cnbc.com/2024/02/13/dollar-nears-150-yen-ahead-of-us-inflation-test-bitcoin-buoyant.html