The yen hovered near a 40-year low against the dollar as U.S. inflation data met expectations, leading traders to scale back bets on Federal Reserve rate hikes. Mixed signals from Fed officials on the policy path ahead also contributed to the currency's weakness. Despite a slight pullback, the dollar remains strong, poised for its first back-to-back weekly gain since February.

HONG KONG, June 23 : The U.S. dollar held firm on Tuesday as traders positioned for a more hawkish Federal Reserve and oil prices rebounded following steep losses, while the yen…

HONG KONG, June 23 : The U.S. dollar held firm on Tuesday as traders positioned for a more hawkish Federal Reserve despite oil prices inching lower on ebbing Gulf tensions, while…