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.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.