The Japanese yen weakened against most major currencies in the European session on Friday, traders are skeptical that the BoJ would raise interest rates in the policy meeting on June 16.
Concerns persist over whether the Bank of Japan (BoJ) will raise interest rates during the June 16 policy meeting.
Later in the day, the U.S. Nonfarm Payrolls (NFP) report for May is anticipated by investors.
In order to obtain new information on the Federal Reserve's (Fed) monetary policy outlook, investors will keep a careful eye on the employment figures.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.