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Despite some positive U.S. economic indicators on Thursday, the dollar continued its decline, influenced by a less hawkish Federal Reserve meeting outcome and the anticipation of crucial U.S. jobs and ISM data due on Friday.

In the currency markets, the U.S. dollar and Treasury yields fell following the Federal Reserve's statement and subsequent comments by Chair Jerome Powell

This week's currency market movements were heavily influenced by robust month-end flows and inflating U.S. economic data, leading to a 0.55% increase in the dollar index

Monday's foreign exchange market saw significant fluctuations in the USD/JPY pair, surging to near historical highs of the 1990s before sharply declining, believed to be due to intervention by the Bank of Japan (BoJ).

Last Friday, a significant shift occurred in the currency markets, primarily driven by movements in the USD/JPY pair, which saw a surge of 1.28% without intervention from Japan's Ministry of Finance (MoF) or the Bank of Japan (BoJ)

This week, currency markets witnessed significant volatility, primarily influenced by conflicting indicators from the U.S. economy. The dollar index experienced a 0.28% decline subsequent to a below-forecast U.S. GDP report.

Last week, the dollar index remained stable, maintaining its recent gains due to the Federal Reserve's cautious approach towards interest rate cuts amidst ongoing inflation concerns.