Yen climbs up in Asia trade

Yen climbs up in Asia trade

On Friday, the Japanese yen leapt in Asia on safe-haven demand because political turmoil in Brazil reached risk sentiment and financial markets became cautious ahead of the weekend.

The currency pair USD/JPY hit 111.38, sliding 0.08%, while AUD/USD reached 0.7419, soaring 0.01%. Meanwhile, the currency pair GBP/USD jumped 0.10%, being worth 1.2953.

Assessing the US dollar’s value versus six crucial currencies, the US dollar index slumped 0.06%, trading at 97.71.

Overnight, the greenback traded higher versus a basket of crucial currencies because recent political turmoil in Washington was compensated by a bunch of stronger American economic data.

The evergreen buck was on track just to snap a five-day losing streak because market participants generally appreciated the issue of better than expected initial jobless claims as well as manufacturing data.

The overall number of Americans, who filed for unemployment insurance by May 12, sank by 4000, hitting 232,000, as the Labor Department told.


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