Dollar Gains, Yen Steady as Markets Rethink Rate Cuts on Hot Inflation Data

Dollar firms, set to snap 3-week losing streak after hotter than expected US inflation data suggested Fed may delay rate cuts
Yen steady ahead of critical BOJ meeting next week where it could exit negative interest rate policy if companies offer big wage hikes
Bitcoin prices slipped from record highs as risk sentiment falls
Markets pricing in just 60% chance of Fed rate cut in June compared to 74% a week ago due to persistent inflation
BOJ seen as close to ending 8 years of negative rates, with exit preparations underway since new governor took office last year