0818 GMT - The DXY dollar index falls slightly but this is largely led by a stronger Japanese yen rather than a broad-based decline, ING analyst Chris Turner says in a note. Japanese investors "seem impressed that there has been little official push-back against the recent rise in Japanese government bond yields and that the Bank Of Japan may hike [interest rates] again this summer," he says. The market is nearly fully pricing in a 25 basis-point rate rise in July. The DXY falls 0.2% to 106.979. USD/JPY falls 0.8% to 150.276 after earlier hitting a 10-week low of 149.9550, according to FactSet. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
February 20, 2025 03:18 ET (08:18 GMT)
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