Yen Jumps 1% Against Dollar Friday, Posts V-Shaped Week

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.