The Japanese Yen slipped against the US Dollar on Friday after a two-day rally, but remained on course for its strongest weekly performance in more than a month as traders increased bets on a Bank of Japan interest rate hike.
The Pound edged higher on Thursday after hitting a three-week low in the previous session, supported by a sharp rally in the Yen that weighed on the US Dollar, while easing oil prices also provided some relief.
Right now, governments around the world are paying more to borrow money than at any point in decades. Also, Norway’s sovereign wealth fund, valued at over $2.3 trillion, is reducing the government subindex of its bond holdings.
