On Thursday, the yen strengthened after a significant decline in the previous session, amid a volatile week that has left market sentiment shaky. Investors are assessing the impact of unwinding popular carry trades and speculating about the future direction of Japan's central bank's monetary policy.
The yen was up 0.53% at 145.95 per dollar, recovering from a 1.6% drop on Wednesday, which followed remarks from Bank of Japan Deputy Governor Shinichi Uchida downplaying the likelihood of a near-term interest rate hike.
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