Dollar hits year-to-date lows as bulls get nervous

The yen rose to its highest level in 2-1/2 months due to a surge in Japanese inflation. The dollar weakened as Trump’s tariff threats remained mostly rhetoric. The euro steadied ahead of the German elections, while evidence of rising Japanese inflation bolstered the case for higher rates. Sterling also reached its highest since mid-December. The yen rose to its highest level in 2-1/2 months due to a surge in Japanese inflation. The dollar weakened as Trump’s tariff threats remained mostly rhetoric. The euro steadied ahead of the German elections, while evidence of rising Japanese inflation bolstered the case for higher rates. Sterling also reached its highest since mid-December.  Economic Times