FOREX-Yen hangs on to BOJ-inspired gains; US jobs up next

The yen surged by as much as 1.2% earlier on, adding to Thursday's 2% rally after Bank of Japan (BOJ) Governor Kazuo Ueda gave the clearest steer yet that the central bank is considering when to wrap up its negative rates policy. "Without anything for the market to get their teeth into from the BOJ, the sell-off (in the dollar) has been done and, as far as the dollar is concerned, it's almost as if it's waiting for that next catalyst and that next catalyst is going to be today," she said. In the past few weeks, the outlook for U.S. interest rates has switched to one of a series of cuts next year, which helped prise the yen off those lows.