The dollar index, which measures the U.S. currency's performance against a basket of major currencies, is set to achieve a weekly increase for the third consecutive time. This follows positive U.S. economic data that reduced expectations for a Federal Reserve rate cut. On Friday, the yen rose against the dollar after Japanese Finance Minister Satsuki Katayama stated that Tokyo would not rule out any options to counter the currency's weakness, including coordinated intervention with the United States. In the latest trading, the yen increased by 0.3% to 158.13 against the dollar. However, it is still on track for its third consecutive weekly loss against the dollar. The yen had earlier fallen to its lowest level in a year and a half during the week.
