US Dollar Index declines to near 97.50 ahead of PPI data

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is paring its recent gains registered in the previous session and trading around 97.70 during the Asian hours on Friday.
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JPY: Tokyo inflation supports rate hike bets – Commerzbank

Commerzbank’s Volkmar Baur notes that Tokyo inflation rose to 1.6% in February versus expectations for 1.3%, with consumer goods prices and retail sales surprising on the upside.
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