(RTTNews) - The Japanese yen resumed its early European session's uptrend against other major currencies in New York morning after a report showed that the U.S. private sector added fewer jobs than expected in the month of April.
According to a report released by payroll processor Automatic Data Processing, Inc. (ADP), the private sector employment increased by 119,000 jobs in April following a downwardly revised increase of 201,000 jobs in March. Economists had expected an increase of about 183,000 jobs compared to the addition of 209,000 jobs originally reported for the previous month.
The downbeat data propelled traders to seek safe-haven currencies, bringing the yen to touch intra-day highs at 80.07 against the US dollar, 129.54 against the pound, 105.16 against the euro, 87.52 against the Swiss franc, 82.60 against the Australian dollar, 81.02 against the Canadian dollar and 65.0 against the NZ dollar.
