The Bank of Japan (BoJ) raised rates to a 30-year high and signaled further hikes, but the yen weakened as markets judged the tightening path too slow to drive a near-term Japanese Yen (JPY) rebound, Commerzbank's FX analyst Volkmar Baur notes.
Gold (XAU/USD) is posting marginal losses on Friday, but it keeps hovering without a clear bias above $4,300, with upside attempts capped below $4,355.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending gains for the third successive session and trading around 98.60 during the European hours on Friday.