Yen clings to gains as U.S. payrolls data nears
Japanese yen held gains versus the U.S. dollar on Friday and was set for its strongest week in more than a month. Traders increased bets on a Bank of Japan rate hike while awaiting U.S. payrolls.
By Jiaxing Li and Ankur BanerjeeThe Japanese yen clung to its gains against the U.S. dollar on Friday and was on track for its strongest week in more than a month, as traders ramped up bets on a Bank of Japan interest rate hike and broader currency markets awaited U.S. payrolls data.The Japanese ye…