Yen edges up as traders push back Fed rate hike bets

The yen slightly appreciated against the dollar, seemingly unfazed by disappointing Japanese GDP results. Market participants have begun to adjust their forecasts, pushing back the timeline for a potential Federal Reserve interest rate hike this year. Soft economic signals from the U.S. have dampened investor sentiment regarding future rate adjustments. Meanwhile, oil prices displayed volatility due to stalled U.S.

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