The U.S. dollar started the week on a softer note, influenced by uncertainty surrounding Donald Trump's inauguration and anticipated policy announcements which could impact the economy significantly.
Investors are particularly concerned about the potential impact of Trump's proposals, including mass deportations and higher trade tariffs, which could lead to inflationary pressures and a more hawkish Federal Reserve.
Rising expectations regarding a potential interest rate hike from the Bank of Japan during its upcoming meeting could further challenge the dollar, enhancing the yen's attractiveness to investors.
Today's inauguration will be pivotal for understanding the U.S. political landscape, as its outcomes may significantly affect global trade dynamics and investor sentiment in the coming week.
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