Dollar Set for Worst Week in a Year; Yen Under Pressure Ahead of BOJ Decision
📰 USD and JPY Movements
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The **U.S. Dollar (USD)** experienced its **largest weekly drop in a year**, driven by increased geopolitical tensions and reactions to President Trump's actions concerning Greenland. This shift in sentiment has notably unnerved investors.
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Simultaneously, the **Japanese Yen (JPY)** weakened, trading near **one-week lows**. Market attention is heavily focused on the impending **Bank of Japan (BOJ)** policy decision. Key interest lies in comments from BOJ Governor Ueda regarding potential **future rate hikes** intended to provide support for the currency.