Eileen aims for top weekly gains
The Japanese yen rose to its highest level since the beginning of the month, heading towards its largest weekly gain in over a month. This comes amid increasing expectations of an interest rate hike by the Bank of Japan and anticipation of U.S. employment data, both of which bolster bets on rate hikes and support the Japanese currency. The yen reached 155.25 against the dollar in morning trading before falling back and stabilizing at 155.71, achieving approximately a 2.5% gain this week.
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