Ella 
The Japanese yen (JPY) remains in the lead against the US dollar during Friday’s Asian session as the Bank of Japan (BoJ) takes a more hawkish stance. Indeed, the Bank of Japan is still expected to raise interest rates further, while other major central banks, including the Federal Reserve, are expected to further reduce borrowing costs. This, combined with a shift in global risk sentiment and a recent decline in U.S. Treasury yields, has supported the yen.
Apart from this, US dollar (USD) price action is subdued near multi-week lows, leaving USD/JPY hovering around the psychological 150.00 mark. Meanwhile, expectations for a less dovish Fed have given a boost to the dollar. Traders also appear reluctant to take risks, looking to the U.S. nonfarm payrolls (NFP) report for clues on the Fed’s path to cutting interest rates before placing bets. This, in turn, led to subdued price action for the pair on the final day of the week.
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