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Yen Slides Against Majors

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

The Japanese yen lost ground against other major currencies in the early New York session on Friday after the release of better-than-expected U.S. jobs report.

The yen fell to a 3-week low of 98.16 against the loonie, 1-week lows of 99.27 against the greenback, 101.86 against aussie and 84.42 against the kiwi.

The yen declined to 153.88 against the pound, its lowest level since August 2009.

The yen touched 105.71 against the franc, heading to multi-day low of 105.96 reached on yesterday.

The yen slipped to 129.53 against the euro, staying close to weekly low of 129.81 hit Thursday.

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Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.

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