Yen weak versus dollar, euro ahead of busy central bank week

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Reuters UK

By Alun John HONG KONG (Reuters) – The Japanese yen was on the back foot on Monday, ahead of a busy policy-focused week in which inflation will be in the spotlight with a major European Central Bank meeting and U.S. consumer price data scheduled. The dollar climbed to 130.99 yen in early trade, a fresh one-month high, and not far from last month’s 20-year peak of 131.34, after gaining 2.95% last week. The euro has also climbed on the Japanese currency and hit 140.38 yen on Monday morning, extending a seven-year high hit last week. Barclays analysts attributed last week’s softer yen to a recove…

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