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.