Dollar steady before US inflation data, yen under pressure

The dollar steadied on ​Tuesday ahead of US inflation data, with Middle East tensions lifting oil prices while the yen held a soft tone amid caution ‌over possible intervention and after policymakers’ comments on state pension fund allocations. The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, eased 0.04% to 101.23. Inflation risks remain in the spotlight with the release of US June CPI data on Tuesday, June PPI gauges the following day, and Fed Chair Kevin Warsh’s first semiannual testimony before ​Congress.