The yen advanced to a four-week high against the pound on Friday in New York. The yen gained in early hours, reaching an intraday high of 237.66 at 4 am ET. The Japanese currency proceeded to fall until 9:30 am before climbing once again. At 2:25 pm, the yen fetched a mark of 239.15 against its British counterpart. Trading took place amid the release of data that showed UK industrial production expanded 0.3% from the prior month in April. This compared to a revised 0.2% increase in the prior month.
The yen advanced to a six-week high against the euro on Friday in New York. The Japanese currency began to gain around 1 am, reaching an intraday high of 161.74 at 3:15 am ET. The yen slid during the next several hours before slightly climbing again. At 2:30 pm, the Japanese currency fetched a mark of 162.59 against the euro. Trading took place amid the release of data that showed Germany`s trade surplus in April declined to 15 billion euros. Also, France`s trade deficit widened to EUR2.83 billion in April.
The yen fell against the dollar Friday in New York. The yen climbed in the early morning hours, reaching an intraday high of 120.76 around 4 am ET. The Japanese currency, however, suffered a significant decline over the next couple of hours. The yen dropped to an intraday low of 121.83 at 9:30 am before leveling off. At 2:40 pm, the Japanese currency fetched a mark of 121.69 versus its American counterpart. On Friday, the U.S. Department of Commerce released its report on U.S. international trade in goods and services in the month of April, showing that the trade deficit narrowed by much more than economists had been expecting.
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