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.


Japanese yen rallies to two-weak maximum

On Monday, Japan’s major currency managed to ascend to a two-week maximum versus the common currency, following reports that Japan’s primary financial institution was discussing moves for the purpose of scaling back its huge monetary stimulus…


Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

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