Japanese Yen surges to 7-month high; dollar drifts ahead of US inflation
The Japanese yen surged to a seven-month high on Monday as traders reassessed the battered currency’s outlook, driven by expectations of faster Bank of Japan policy tightening and growing bets that Japanese investors could repatriate funds. The main event this week is Friday’s U.S. inflation report, which could shape the Federal Reserve’s decision on whether to raise interest rates later…

