There was a lot of cross currency activity jostling the risk-sensitive yen crosses Thursday; but a global rally in equities and pull back in fear indicators (like the VIX) helped to steady currency.
For fundamentals from Japan, a report from the Ministry of Finance reported Japanese investors netted their biggest weekly sale of foreign debt since at least 2001 in the period through August 23rd on fears of ongoing FX volatility and a potential bank collapse in the US. Over the final trading hours for the week, the economic calendar will heat up. Indicators for employment, consumer spending, factory activity and inflation will take an in depth reading of the economy’s health.