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Yen dips, markets stabilize ahead of US inflation data
The yen fell against the dollar on Monday in calmer currency market trading as investors weighed the odds of a deep Fed interest rate cut next month ahead of a slew of U.S. economic data after volatile moves last week. The respite follows a tumultuous week that began with a massive sell-off across currencies and stock markets, driven by worries over the U.S. economy and the Bank of Japan's hawkishness. Last week ended calmer, with Thursday's stronger-than-expected U.S. jobs data leading markets to pare bets for Federal Reserve rate cuts this year. "All they're really looking at is to see whether the inflation ... (full story)