Yen Falls to 4-Week Low, Euro Declines Following Release of German Inflation Data. The Japanese yen weakened to its lowest level in four weeks against the dollar on Wednesday, driven by rising U.S. yields and renewed interest in carry trades amid calm market conditions. The dollar rose to 157.41 yen early in the day, approaching levels that prompted intervention from Tokyo in recent months, though at a slower pace than before.   Across Asian currencies, a post-CPI relief rally faded as U.S. easing expectations were tempered and bond yields climbed following mixed auction results. U.S. consumer confidence unexpectedly improved in May, supporting the dollar, which edged up 0.09% against the offshore yuan to 7.270. Full article here : https://mykvb.com/insights/mar...