Extending its early decline, the Japanese yen traded lower against the Canadian dollar in early European deals on Friday. The yen that closed Thursday's deals at 76.92 against the loonie fell to a 4-day low of 77.94. The next downside target level for the yen is seen at 78.5.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.