The U.S. dollar inched higher against the yen and euro as traders positioned for upcoming Consumer Price Index data expected on Friday. The dollar index climbed 0.2%, reflecting expectations that the Federal Reserve may hold rates longer if inflation proves persistent. Emerging-market currencies including the rupee and peso traded narrowly as investors awaited clarity on policy direction. Analysts said a higher-than-expected CPI could reignite bond-yield pressure and delay global easing cycles, reinforcing the greenback’s strength in the near term.