Dollar gains on yen, bitcoin edges up before expected SEC decision

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Key Points

NEW YORK (Reuters) -The dollar gained on the yen but dipped against the euro on Wednesday as investors waited on U.S. inflation data for fresh clues on when the Federal Reserve is likely to begin cutting interest rates...

In cryptocurrencies, bitcoin edged higher after being whipsawed late on Tuesday after a social media message on the U.S. Securities and Exchange Commissions (SEC) account claimed the regulator had approved bitcoin exchange traded funds (ETFs), but was later revealed to have been made by an unauthorized person...

The SEC was expected to announce later in the day whether it will approve applications from asset managers Ark Investments and 21Shares to launch a spot bitcoin ETF..

The dollar index has held in a tight range since Friday when it was volatile, initially jumping on data showing strong jobs gains in December, before dropping on some soft underlying details of the employment report...

Core inflation in Japans capital also slowed for the second straight month in December as cost-push price pressures continued to ease, data showed on Tuesday...

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