Dollar steadies as Fed flags inflation and yen tumbles beyond 160

Fed hawkish push shifts rate cut bets fast

The dollar held firm after hawkish comments from Federal Reserve officials lifted bond yields and reduced expectations for rate cuts this year. At the same time, the Japanese yen slid past 160 per dollar, raising fears of possible intervention. Traders are also watching geopolitical tensions and oil price pressures that could further complicate currency moves.