Forex
Yen Bounces, Dollar Strength Keeps Pressure Near 160
The Japanese yen experienced a brief rebound on Friday, rising to around 158.3 per dollar after five consecutive sessions of losses.
However, the currency remained near a two-week low and within sight of the closely watched 160 threshold, weighed down by a stronger dollar and surging Treasury yields.
The expectations for further Federal Reserve tightening grew amid persistent inflation concerns, which also increased intervention risks.
The Bank of Japan (BoJ) conducted a rate check with market participants last Friday, indicating its readiness to address the policy divergence facing the yen.