Yen slips after rally; set for strongest week in a month
The Japanese yen retreated against the U.S. dollar on Friday after a sharp rally, with traders positioning for a Bank of Japan interest rate hike. Broader markets awaited upcoming U.S. jobs data.
By Jiaxing Li and Amanda CooperThe Japanese yen retreated against the U.S. dollar on Friday, pausing after a sharp rally that has put it on track for its strongest week in over a month, as traders ramp up bets on a Bank of Japan interest rate hike, while broader currency markets awaited U.S. payrol…