The yen’s advance to multi-month highs against the euro stalled on Friday as investors booked profits before the weekend.
The euro fetched 138.14 yen, off a four-month low of 137.98. It was still on track to end down for a fourth straight week and at a loss of 2.5 percent on the month. Similarly, the greenback climbed off a one-week low of 101.42 to last stand at 101.55. On the month, the dollar was down roughly 0.7 percent.
“Expectations for a step-up in the pace of BOJ quantitative easing are currently running low, which is one reason the yen has recently been strengthening,” said Ray Attrill, strategist at National Australia Bank in Sydney.
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