(Bloomberg) -- A wild week in the currency markets has left hedge funds heading for the exits on their dollar trades and turning their attention toward the Japanese yen ... to about 1% by the ...

The yen is expected to appreciate due to Japan's rising interest rates and the Fed's easing. Click here for a detailed analysis.

US inflation surprised on the upside in February. Headline inflation eased to 0.2% m/m from 0.5% and below the market estimate of 0.3%. Click to read.

USD/JPY (^USDJPY) today is down by -1.35%. The yen rallied sharply to a 7-week high against the dollar today on stronger-than-expected Japanese wage news that is hawkish for BOJ policy.

But much of the dollar's decline in the ... Institutions Forum. Euro and yen in the running for reserve currency status The euro is trading around 1.09 against the dollar. If it soars well above ...

1, the Japanese currency’s slide has picked up steam. Reasons for the yen’s decline include rising U.S. interest rates since spring to stem inflation, which have strengthened the dollar.