The yen may make a weekly gain

The Japanese yen rose slightly in the Asian market, on Friday, against a basket of world currencies, on its way to achieving the first gain in the last four days against the US dollar, and the Japanese currency has achieved a weekly gain thanks to the recent comments of the governor of the Bank of Japan.

Ueda’s comments came more hawkish than expected, during which he linked the possibility of obtaining sufficient data to make an adjustment in monetary policy instruments, and abandoning negative interest rates.
The dollar fell against the yen by 0.1% to (147.33 yen), from the opening price of today’s trading at (147.46 yen), and recorded a high at (147.52 yen).
The yen ended trading stable against the dollar on Thursday, after two days of losses, due to the statements of one of the officials of the ruling party in Japan.
Influential MP from the ruling party Hiroshige Seko, on Tuesday, indicated his preference for continued support for the Japanese economy and ultra-easy monetary policy.