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Macro

Yen Slips 0.3% This Week as Dollar Holds Near 158

The dollar fell 0.17% against the yen to 157.83 in Friday’s New York close, retreating from above 157.60 to below 157 after the US nonfarm payrolls report, leaving the greenback up 0.35% for the week within a 156.38-158.45 range. The euro dropped 0.81% against the yen to 177.70, while sterling rose 0.37% to 209.079. The yen also fell 0.58% against the offshore yuan to 4.2497.

Original source

AI take

The yen's weakness is broad rather than dollar-specific: it lost ground against the euro, sterling and offshore yuan in the same session, which points to pressure on the currency itself rather than a single cross. That distinction matters for anyone tracking Japanese asset exposure or yen-funded positions, since it suggests the driver is domestic rather than a dollar story. The open question is whether the pair keeps respecting the week's range or breaks it, given how contained the move has been so far.

Generated by AI for reference only.

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