Dollar logs strongest weekly gain vs. yen since 1999

The dollar was on track Friday to book its largest weekly gain against the yen since February 1999 as a string of strong U.S. economic data and expectations of powerful monetary and fiscal stimulus out of Japan helped boost the greenback.

The U.S. dollar USDJPY, +0.73%  traded at ¥105.53, compared with ¥105.35 late Thursday in New York, logging an outsize weekly gain of 5%.

The last time the buck strengthened this rapidly was Feb. 19, 1999, when the Bank of Japan adopted a zero interest-rate policy.

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