Yen edges higher while dollar still reigns

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The story "Yen edges higher while dollar still reigns" was covered 5 days ago by Channel News Asia, a news publisher based in Singapore.

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Yen edges higher while dollar still reigns - Channel News Asia

Quick Summary:

:The Japanese yen edged up slightly from five-month lows on Monday and the dollar held onto its dominant position, as global currencies headed to the end of a year characterised by diverging central bank outlooks.

The dollar has gained 10 yen since Dec.3, with much of the decline in the Japanese currency coming after the Federal Reserve's Dec.18 message of caution around future rate cuts.

The next interest rate cut by the ECB could be longer in coming after a recent uptick in inflation, ECB Governing Council member Robert Holzmann was quoted as saying on Saturday.Bitcoin was up around 0.5 per cent at $93,833, but is down about 3 per cent on the month after retreating from a record high of $108,379.28 hit on Dec.17.