Yen Strength Prevails

The yen was the favoured currency among traders on Thursday, rallying across the board amid speculation on the timing of potential shifts in BoJ policy.

The yen climbed to a one-week high versus the dollar at 116.75 and a one-month high against the euro at 139.26.

Meanwhile, economic data from the US was limited to weekly claims, which fell to 278k from 298k a week earlier.

The 4-wk average dropped to 282k versus the previous 283k figure.

Tomorrow will see the release of January durable goods orders, which is expected to decline 1.2% versus a 1.8% increase in the previous month.

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