US dollar rises against yen as markets eye Iran deal
The US dollar rose against the Japanese yen on Thursday, helped by safe-haven positioning from investors awaiting details on a proposed deal to end the Iran conflict and ahead of the monthly US jobs report.
The dollar has been clawing back some recent intervention-driven losses that had pushed it to a 13-week low against the yen following joint action by Japanese and US Treasury authorities to prop up the currency.
A divided US central bank left rates unchanged last month but Fed Chairman Kevin Warsh delivered an unwavering commitment to bring inflation down, leaving the door open to a possible rate hike in September.
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