investingLive Americas FX news wrap: Dovish BoJ's Ueda, ECB inflation expectations surge

BoJ Governor Ueda struck a dovish tone, saying underlying inflation is slightly below 2% and that timing for the next rate hike is still uncertain, which weighed on the yen. The ECB’s consumer expectations survey showed a jump in near‑term inflation expectations, nudging up market bets for further ECB tightening. The biggest market mover was crude oil (WTI), up over 4% and back above $100 amid US‑Iran tensions and a closed Strait of Hormuz, prompting some risk‑off flows in US equities. With the FOMC meeting due tomorrow, markets expect a pause but note upside risk to Fed hawkishness if US data and supply disruptions persist. Overall the wrap points to mixed FX and risk asset dynamics driven by central bank signals and oil shocks.