SINGAPORE/LONDON—The yen was under pressure on Tuesday, as traders waited for important U.S. inflation data which could either provide some relief for the beleaguered currency or push the dollar to its highest against the yen since 1990.
The dollar stood at 151.68 yen, near a one-year high of 151.92 hit on Monday. A break past last year’s 151.94 would mark a fresh 33-year high for dollar/yen.
