Yen Hangs on to BOJ-Inspired Gains; US Jobs up Next

Yen Hangs on to BOJ-Inspired Gains; US Jobs up Next
Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken on Sept. 23, 2022. Florence Lo/Reuters
Reuters
Updated:
0:00

LONDON—The yen headed for a fourth weekly gain against the dollar on Friday, after its biggest rally in almost a year the day before, driven by a burst of optimism among traders that Japan’s ultra-low rates policy may soon end.

Activity overall across the market was muted ahead of the U.S. nonfarm payrolls report later on Friday.