Yen rebounds to 142 zone vs. dollar on possible gov't, BOJ moves

The yen recouped part of its recent sharp loss, rebounding to the 142 zone against the U.S. dollar on Friday in Tokyo on growing expectations that Japan's government and central bank will move to address the yen's depreciation.Tokyo stocks continued their advance as investors took heart from an overnight rise in U.S. shares and the European Central Bank suggesting it would slow the pace of interest rate hikes in the euro area.The yen, which traded in the lower 144 range to the dollar in New York on Thursday, recovered to the lower 142 level in Tokyo after Prime Minister Fumio Kishida met wi…READ FULL ARTICLE