The Japanese yen proceeded with its recent slide against the U.S. and Australian dollars in the New York morning session on Friday after the release of better-than-expected US nonfarm payrolls in July.
The yen hit a 2-week low of 78.79 against the greenback and a new 3-month low of 82.96 against the aussie, compared to early Asian session's 2-day high of 78.08 and 81.61, respectively. The next downside target level for the yen is seen at 79.00 against the greenback and 83.5 against the aussie.
For comments and feedback contact: editorial@rttnews.com
Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.