The yen hovered just short of the psychological 145 level versus the dollar on Friday as a persistently wide interest-rate gap with the US weakens the Japanese currency.
Investors are on guard for any sharp moves amid a holiday in Japan, which has reduced trading volumes and increased the risk of volatility.
The currency hasn’t breached 145 since June 30 and any depreciation past 145.07 would take it to levels seen in late 2022, when Japanese authorities intervened in the market. It was steady at 144.70 at 12:48 p.m. Tokyo time.
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