The yen strengthened against other major currencies in the Asian session on Friday, following news that Japan intends to encourage pension funds to enhance their holdings in local financial assets.
According to Reuters, Japan's Finance Minister Satsuki Katayama stated that the government is pursuing policies that would involve the Government Pension Investment Fund (GPIF) making "substantially greater investments in Japanese financial assets." According to analysts, this move could provide more support for the battered currency than intervention.
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Forex News
September 11, 2026 16:26 ET Consumer prices data was the main news on the economic front in the U.S. this week. In Europe, the latest interest rate decision from the European Central Bank was the focus along with the revised second quarter economic growth data for the euro area. In Asia, the monthly foreign trade data from China drew attention.