While the market spotlight was mostly on Fed head Powell's testimony to Congress and the U.S. CPI release, other major currencies also had big reactions to shifting monetary policy expectations.
In particular, the RBNZ's "dovish hold" decision triggered a sharp decline for the New Zealand dollar, while sterling was able to hold its ground thanks to reduced BOE cut expectations. And before the week came to a close, the yen stole the entire show with a massive rally to take the top spot heading into the weekend.
Read on to see the economic headlines for the week and how the major FX pairs performed: