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Japanese yen strengthens after touching 160 to the dollar; Asia stocks rise as Fed meeting looms

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The Japanese yen touched 160 against the U.S. dollar, while investors awaited Japan’s industrial production and retail sales data from March later in the…

Traders look toward the Federal Reserve's meeting this week, following another hotter-than-expected U.S. inflation reading Friday., excluding food and energy, rose 2.8% from a year ago, and came in ahead of the 2.7% expected by Dow Jones. Personal spending rose 0.8%, ahead of a 0.7% estimate.

China reports its industrial profits data on a rolling year-to-date basis, and usually combines January and February economic data into a single reading. A European company known for its bitcoin mining operations has recently transformed its business model to focus on cloud solutions and data center infrastructure.

 

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Japanese yen touches 160 to the dollar; Asia stocks rise as Fed meeting loomsThe Japanese yen touched 160 against the U.S. dollar, while investors awaited Japan’s industrial production and retail sales data from March later in the…
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