Asia FX Declines as Dollar Stabilizes; Focus on Fed Data

Asian Currencies Weaken as Dollar Stays Strong; Yen Nears Intervention Level

This week, the main focus is on key U.S. inflation data, which is closely watched by the Federal Reserve. On Wednesday, many Asian currencies lost value against the U.S. dollar as traders prepared for important data that could impact inflation. The Japanese yen came very close to a level that had previously led to government intervention.