Investing.com - The dollar rose to one-week highs against the yen on Thursday after U.S. President Donald Trump said he would announce “something” on taxes in the next two to three weeks and reiterated a pledge to roll back regulations.
USD/JPY climbed 0.87% to 112.87, pulling further away from the almost 10-week lows of 111.62 struck in the previous session.
Trump said he would be announcing something over the next two or three weeks that would be “phenomenal” in terms of tax.
The comments came during a meeting with airline CEOs.
He also said that regulations will be rolled back, but it was unclear if the remarks related specifically to the aviation sector or to the broader economy.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.29% to 100.43.
The dollar touched the day’s highs against the euro, with EUR/USD down 0.25% to 1.0672.
Earlier Thursday, data showed that the number of Americans filing for unemployment benefits unexpectedly fell last week.
Initial jobless claims fell by 12,000 to a seasonally adjusted 234,000, compared to expectations of an increase to 250,000, the Labor Department said.
This was not far from the 43-year low of 233,000 reached early last November.