Greenback edges down towards yen after uptick in U.S. inflation By Reuters


By Chibuike Oguh

NEW YORK (Reuters) -The U.S. greenback edged decrease towards the yen on Thursday after knowledge confirmed a higher-than-expected rise in U.S. inflation in September though costs had been on a downward pattern, permitting the Federal Reserve to maintain chopping rates of interest.

Labor Division knowledge on Thursday confirmed that the patron value index elevated 0.2% in September. Within the 12 months by September the CPI climbed 2.4%, which was the smallest year-on-year rise since February 2021.

The buck was down 0.54% at 148.50 yen after rising to as excessive as 149.58 yen for the primary time since Aug. 2.

The , which measures the foreign money towards six key rivals together with the yen and euro, was down 0.09% to 102.780 after hitting its highest since August 16.





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