The yen hit choppy trading on Thursday after a sharp drop the day before in a volatile week in which investors have had to digest the unwinding of popular carry trades and how Japanese monetary policy might evolve.
The yen swung between losses of 0.14% and a gain of 0.85%, having slid 1.6% on Wednesday, after the Bank of Japan's Deputy Governor Shinichi Uchida played down the chance of a near-term hike in interest rates that would typically boost the currency.
The yen started the week by scaling a seven-month high of 141.675 per dollar, a far cry from the 38-year lows where it traded in early July, after soft U.S. jobs data last week stoked recession worries and roiled investors.
The sharp moves in the yen have pushed the dollar index , which measures the U.S. currency against six others including the yen, down 0.14% to 102.97, near Monday's seven-month low of 102.15.
The euro rose 0.16% to $1.094075, while sterling rose 0.1% to $1.27025, near the one-month low it touched on Tuesday.
The Australian dollar rose 0.56% to $0.6555, while the New Zealand dollar was steady at $0.5999.
Source : Reuters
