The yen rose against the euro and dollar on Friday, as investors move from riskier currencies after a stream of bad US economic data. Things may get worse for the greenback later today as key US employment data is released, and if poor may accelerate the yen’s gains.
The yen saw a gain of 0.2% against the dollar during trading, finishing at 89.44 yen, within reach of the eight month high of 88.23 yen hit during Monday’s trading. The euro also took a substantial dip to 129.65 yen before recovering, ending the session 0.2% down at 130.05 yen.
No comments:
Post a Comment