The yen continues to lose ground against the US dollar. The Federal Reserve held rates on Wednesday and Fed Chair Powell pushed back against Donald Trump's calls for lowering rates. Powell said the tariffs could lead to stagflation and the Fed would remain cautious before making any cuts. Japan released the minutes of the BoJ March meeting, with members concerned about the impact of US tariffs on Japan's economy.
08-05-2025 08:25 GMT
by Kenneth Fisher