USD/JPY climbs as risk-on sentiment and a firm US Dollar weigh on the safe-haven Yen. The Japanese Yen (JPY) is weakening against the US Dollar (USD) on Friday as risk-on sentiment and widening interest rate differentials continue to pressure the Yen.

Tokyo inflation eases but remains above target, keeping BoJ rate hikes on the table as USD/JPY reacts to softer data and US durable goods orders loom.

The yen climbed across the board on Monday after beleaguered Japanese Prime Minister Shigeru Ishiba vowed to hang on as leader even though his ruling coalitionlost its majority in Sunday's upper house elections,

MSCI's gauge of stocks across the globe edged down 0.1%, but remained just below an all-time peak from Thursday. The index is on course for a 1.3% weekly advance, buoyed in large part by optimism for U.S. trade deals with the European Union and China, following an agreement with Japan this week.

Yen gained further strength as investors increased bets on a Bank of Japan interest rate hike in the near term. The greenback, on the other hand, was last down 0.45% at $98.04 after reports last week suggested that U.S. President Donald Trump was looking to fire Federal Reserve Chair Jerome Powell.

Experts agreed that Singapore’s currency holds potential to gradually acquire the status equivalent to that of the Swiss franc if not the yen or the greenback.

Traders and investors suggested yen-buying intervention by Japanese authorities as the explanation for why the dollar fell sharply to 156.55 yen from as high as 160.245.

The Japanese yen is hovering near three-month lows against the U.S. dollar, after hitting 153.18 late Wednesday. Stream NBC 5 for free, 24/7, wherever you are. In the past, weakness in the ...

The Indian rupee is poised to open slightly higher on Tuesday, supported by a retreat in the dollar index that was largely triggered by a post-election rally in the Japanese yen.