Dollar Set for Best Week Against Yen in 3 Months After Powell's Remarks, Cryptos Leap, Fed's Stance on Rates

The dollar is set for its best week against the yen in three months, following remarks by Fed Chair Jerome Powell and other officials that dampened market expectations of a peak in U.S. rates. This has also led to a leap in cryptocurrencies. The dollar's strength is attributed to the anticipation of Powell's speech and the Fed's stance on interest rates.