Dollar firms, yen holds near lowest since 2015

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LONDON, March 24 (Reuters) – The dollar strengthened, with the Japanese yen sinking to its lowest since 2015, as the Russia-Ukraine conflict and expectations of central bank tightening kept investors cautious.

Equity markets were volatile, with European stocks slipping, following more hawkish comments from the U.S. Federal Reserve on Wednesday. read more

Fed policymakers signalled that they could take more aggressive action to bring down inflation, including a possible half-percentage-point interest rate hike at the next policy meeting in May. read more

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The Japanese yen fell against the U.S. dollar for the fifth session in a row, hitting its lowest since 2015 with the Bank of Japan expected to lag policy tightening by other major central banks.

At 1248 GMT, the dollar was up 0.4% on the day versus the yen, at 121.66 .

Versus a basket of currencies, the dollar was up 0.2% , trading within…

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