The yen was on track for its strongest weekly performance in over a year on Friday, supported by suspected intervention from Tokyo earlier in the week to steer the Japanese currency away from 34-year lows. This action also resulted in a broadly weaker position for the dollar. The yen climbed to a session high of 152.895 per dollar in early Asian trading and was poised to record a weekly gain of over 3%, its most significant since December 2022. It was last trading more than 0.4% stronger at 152.96 per dollar.
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