TREE NEWS reports: The yen rose 1.04% against the dollar on Friday, with USD/JPY closing at 157.21 in New York, nearly erasing gains built up from Sept. 21-24. For the week the dollar still gained 0.21% against the yen, with a trading range of 156.58-159.04. The yen also climbed 0.22% against the offshore yuan to 4.2762, while falling 0.57% versus the euro to 179.20 and 0.85% against the pound to 208.368.
Yen Jumps 1% Against Dollar Friday, Posts V-Shaped Week
AI take
The yen's Friday rebound against the dollar stands out less for its size than for its timing, arriving after a multi-day stretch that had pushed the pair toward the top of its weekly range. The cross-currency picture complicates any simple safe-haven read: the yen gained against the dollar and offshore yuan but still lost ground to the euro and pound, suggesting the move was as much about dollar softness as yen strength. Whether that divergence persists, or the weekly dollar gain reasserts itself, is the open question.
Generated by AI for reference only.
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