Japanese Yen Slides Against Majors

Retracing its Asian session rally, the Japanese yen edged down across the board on Friday morning in New York.

The yen drifted lower to 87.0 versus the greenback around 10:00 am ET from its Asian session's fresh 14-year high of 84.84.

Against its European major rivals, the yen pulled back from its Asian session's multi-month highs in early New York deals.

The yen slipped to 143.24 against the pound, 86.22 versus the Swiss franc and 129.96 against the euro around 10:10 am ET from Asian session's lows of 139.37, 84.3 and 126.92, respectively.

The Japanese unit also retreated from its early Asian session's multi-month highs against the commodity-linked currencies.

The domestic currency declined to 81.7 against the Canadian dollar, 61.95 versus the New Zealand dollar and 78.96 against the Australian dollar around 10:00 am ET from its Asian session highs of 79.96, 59.96 and 76.61, respectively.

by RTTNews Staff Writer

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