Yen Weakens Amid Risk-on Sentiment, Dimmer BOJ Rate-Hike Prospects
0041 GMT — The yen weakens against most other G-10 and Asian currencies in the early session amid risk-on sentiment spurred by Wall Street's gains and dimmer BOJ rate-hike prospects. It's risk positive, NAB's Rodrigo Catril says, noting tech stocks led U.S. equities higher overnight, thanks to better-than-expected earnings reports from Microsoft and Meta. Also, the language of the BOJ's statement on Thursday had a cautious undertone with the central bank saying 'risks to prices skewed to downside for FY 2025 and FY 2026,' the senior FX strategist says in a commentary. USD/JPY rises 0.3% to 145.87; AUD/JPY gains 0.6% to 93.34. (ronnie.harui@wsj.com)
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