The Japanese yen strengthened against other G-10 and Asian currencies on the prospects of a hawkish tilt to Bank of Japan’s Deputy Governor Himino’s speech this afternoon.
The yen surged on Thursday as Japan stays on track for rate hikes, while the European Central Bank (ECB) is expected to ease.
Initially, the tech-led equity selloff created favorable conditions for a Japanese Yen rally due to risk aversion and ...