Dollar hits 6-week high vs. yen on hopes for Japanese stimulus

The yen weakened against its rival currencies, hitting its six-week low against the dollar, during Asian trade on Thurdsay, on mounting hopes for strong policy steps Tokyo will likely put together later this month.

The U.S. dollar USDJPY, +0.21%  higher at ¥106.94, compared with ¥106.89 late Wednesday in New York. The greenback briefly hit ¥107.49 in the mid-morning trade, its highest since June 7, before stabilizing just above the ¥107-line midday.

The euro EURJPY, +0.44%  higher at ¥118.01 from ¥117.76, while the pound GBPJPY, +0.41%  to ¥141.48 from ¥141.21.

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