Yen Gains as Hawkish BoJ Outlook Pressures USD/JPY
USD/JPY traded around 158.85 on Friday, down 0.40%, as a softer US dollar and hawkish Bank of Japan expectations supported the yen.
USDJPY
USD/JPY was on the back foot on Friday, trading near 158.85 and down about 0.40%. The move reflected pressure from a weaker US dollar alongside renewed support for the Japanese yen.
Sentiment around the Bank of Japan has turned more hawkish, which helped lift the yen against the greenback. The pair remained under pressure as markets weighed the BoJ outlook against a softer dollar tone.
Source: FXStreet Forex News