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RTTN: Yen Extends Downtrend Against Major Rivals
 
(RTTNews) - The Japanese yen extended its previous session's downward trading against major currencies during New York mid-day deals on Friday after the release of U.S. jobs data for July.

Data showed that employment in the U.S. rose by more than anticipated in the month of July, although the report also showed an unexpected uptick by the unemployment rate.

As of now, the yen is trading near new multi-day lows of 97.29 against the euro, 81.00 versus the Swiss franc and 123.00 against the British pound, compared to yesterday's close of 95.32, 79.38 and 121.42, respectively.

The Japanese currency also declined further against the Australian and New Zealand dollars in today's mid-day session. Currently, the yen is trading near fresh multi-month lows of 83.13 against the Aussie and 64.46 versus the kiwi from Thursday's closing values of 81.90 and 63.40, respectively.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com
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