The Japanese yen edged down from early morning session's uptrend against major currencies during New York mid-day trading on Friday after the U.S. unemployment data.
After hitting new multi-month high of 77.67 by about 8:35 am ET, the yen reversed its direction versus the US dollar and as of now worth 78.14.
The U.S. Labor Department reported that non-farm payroll employment rose by 69,000 jobs in May following a downwardly revised increase of 77,000 jobs in April.
Additionally, the Labor Department said that the unemployment rate unexpectedly edged up to 8.2 percent in May from 8.1 percent in April, marking the first increase since last June.
The yen that hit a fresh multi-year high of 95.62 against the euro by about 8:30 am ET traded lower thereafter and currently trading near 96.98.
Against its British counterpart, the Japanese currency edged down in today's mid-day session from previous session's multi-month high of 118.83. At present, the pair is trading at 120.14.
The Japanese currency also showed weakness in New York afternoon deals from morning session's 2-year high of 79.65 versus the Swiss franc. Presently, the pair is trading near 80.75.
by RTT Staff Writer
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