The Japanese currency edged higher against most of its major opponents on Friday morning in New York. The yen drifted higher to 90.88 against the Swiss franc, 160.72 versus the pound and 137.17 against the euro by 8:40 am ET, up from the early European session's lows of 91.56, 162.64 and 138.3, respectively.
The yen gained after the release of US Labor Department report on import and export prices for May, showing that import prices rose 1.3 percent in May following a revised 1.1 percent increase in April. At the same time, export prices rose 0.6 percent in May after edging up 0.4 percent in the previous month.
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