ChainCatcher news, the yen rose slightly against the dollar on Friday, but is expected to record the largest weekly drop since June, after a series of economic data released by the United States eased concerns about a recession and supported bets on the Federal Reserve's gradual easing of monetary policy.

Salman Ahmed, global head of macro and strategic asset allocation at Fidelity International, said: "We believe that economic growth is slowing, inflation is also slowing, and the Fed will start to cut interest rates, but there will be no panic, which was still spreading a week or two ago. We still think that we will see 2-3 rate cuts, most likely 2 instead of 3, unless the unemployment rate we saw in the last employment report continues to rise." (Jinshi)