Tokyo: The dollar took a breather on Thursday after a strong run this week that has put it on track for its best performance in nearly a year, helped by a weak yen that has struggled amid a change of guard in Japan’s ruling party. The Japanese currency was last a touch stronger at 152.49 per dollar, after having slid to an eight-month low of 153 per dollar overnight.

According to Qatar News Agency, the euro is also under pressure due to the escalating political crisis in France following the shocking resignation of Prime Minister Sebastien Lecornu and his government, although French President Emmanuel Macron is expected to appoint a new prime minister within 48 hours. The moves in the yen and the euro have in turn provided support for the dollar, which is up more than 1% for the week.

Sterling rose 0.07% to $1.3413, after having touched a roughly two weeks previous session, while the Australian dollar was last up 0.11% at $0.6594. The New Zealand dollar rose 0.1% to $0.5792, after falling in the previous session following the Reserve Bank of New Zealand’s 50 basis point interest rate cut. Against a basket of currencies, the dollar was little changed at 98.77.