Dollar falls vs yen on U.S. policy doubts

Rate Range Projection by Bank

Next week 111.00 – 113.50

Next 3 months 108.00 - 117.50

On Thursday, U.S. Treasury Secretary Steven Mnuchin suggested that much work was still needed on key elements of a tax reform plan, one of the policies investors had anticipated would spur inflation and drive up U.S. interest rates

Analysts noted that Federal Reserve meeting minutes released on Wednesday reinforced doubts about a rate hike next month since voting members showed much less urgency to tighten credit