A Quick Summary
On July 26, the yen was set for its best week in almost three months as traders reversed their negative positions on the currency in anticipation of key U.S. inflation data that might confirm expectations for a rate cut.
SINGAPORE, July 26 (Reuters) – The yen was poised for its strongest week in nearly three months on Friday as traders unwound their long-held bets against the frail currency ahead of crucial U.S. inflation data that could cement rate cut expectations.
