- The yen came under pressure from a firm dollar as traders wagered the Bank of Japan struggles to keep pace with a hawkish turn by global central banks, leaving a wide interest-rate gap with major peers.
- Bitcoin rallied to an eight-month high amid a broader cryptocurrency rally.
- Japan checked dollar/yen rates on Friday, a move often seen as a precursor to intervention, limiting currency moves.
Quotes
“Yen under pressure from firm US dollar”
“Cryptocurrencies rally; bitcoin hits an eight-month high”
“Japan has wide interest-rate gap with peers”