Friday Market Update USDJPY



In Currency Markets the US dollar rose versus the safe haven yen on Friday as hopes of a breakthrough in the North Korean nuclear standoff rose after U.S. President Donald Trump showed willingness to accept an invitation to meet North Korean leader Kim Jong Un by May. Against the yen, the dollar rose 0.4 percent to 106.66 yen, inching away from a low of 105.24 yen on March 2, the greenback’s weakest level since November 2016. The yen showed little reaction after the Bank of Japan kept its monetary policy steady on Friday, as widely expected. The euro held steady at $1.2310, after falling 0.8 percent on Thursday.

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