Japan’s currency, the yen, saw a slight dip against the dollar on Friday. However, it is set for its strongest weekly rise in over two months. This comes after Japanese officials stepped in to support the yen. Investors are watching closely for more action. Oil prices remain high due to threats against US positions.
Inflation concerns prevailed in Kevin Warsh’s first FOMC meeting: Fed minutes
During its June meeting, the Federal Reserve decided to keep interest rates unchanged. Committee members expressed concerns about rising inflation and ongoing supply chain disruptions.