USD/JPY at 102.10 as Global Stocks Rally

The yen wallowed at one-week lows against the dollar early on Friday, having eased broadly overnight as a rally in global stocks dented demand for the safe-haven currency.

The dollar bought 102.22 yen after rising 0.3 percent on Wednesday, while the euro reached a two-week high of 141.77 yen before edging back to 141.22 yen.

The yen started its decline in Asia on Wednesday as the Nikkei surged after comments from Japanese Finance Minister Taro Aso were seen as suggesting more stock buying by a major government pension fund.

CNBC

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