Yen steady after rally, dollar firms ahead of U.S. payrolls
The Japanese yen retreated versus the U.S. dollar on Friday after a sharp rally, as traders increased bets on a Bank of Japan interest-rate hike. Broader FX markets looked ahead to U.S. payrolls.
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…