US dollar heads for a fourth weekly advance

The yen fell to a 10-week low on Friday, while the dollar was heading for a fourth weekly advance as traders eased their bets on how quickly the Bank of Japan would raise interest rates and how quickly the Federal Reserve would cut them.

According to Reuters, there was little change in the yen, which reached 149.395 to the dollar after it fell to 149.495 earlier in the session, for the first time since November 27, as it fell 0.76% in the previous session, and is heading for a 0.68% decline this week.

The dollar index, which measures the currency’s performance against six major currencies, rose slightly to 104.19 after rising 0.1%. This comes in the wake of data indicating the flexibility of the US labor market, which dealt another blow to bets on imminent interest rate cuts from the Federal Reserve.

There was little change in the euro, which recorded $1.07715, while the British pound settled at $1.26135.

Bitcoin rose 1.5% to about $46,000, and is heading for an 8% weekly advance, which would be its best performance in two months.

There was little change in the euro, which recorded $1.07715, while the British pound settled at $1.26135.

Bitcoin rose 1.5% to about $46,000, and is heading for an 8% weekly advance, which would be its best performance in two months.