Yen heads for best week ahead of US payrolls
The Japanese yen retreated against the dollar on Friday but remained on track for its strongest week in over a month. Markets await U.S. payrolls data while pricing in potential Bank of Japan rate hikes.
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Insights:
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The Japanese yen pulled back against the U.S. dollar during Friday afternoon trade, easing to 156.28 after touching 155.25 earlier in the session. Despite the retreat, the currency remains on track for a weekly gain of over 2%.
