Forex-Dollar jumps on renewed Middle East attacks, Hormuz closure

In cryptocurrencies, bitcoin BTC= was down 0.6% at $63,770.42, while ether ETH= slipped 1.1% to $1,801.28.

Inflation risks are likely to remain in focus during the coming week, ahead of the release of U.S. CPI data on Tuesday, PPI gauges the following day, and Fed Chair Kevin Warsh's testimony before the House and Senate, Westpac analysts wrote in a research report.

The Bank of Japan may revise up its economic growth forecast for fiscal 2026 and keep its focus on the risk of an inflation overshoot as rising costs from a weak yen and strong AI demand offset some of the declines in oil prices, three sources familiar with the central bank's thinking told Reuters.