The Japanese yen rallies broadly as U.S. unemployment spikes to a 26 1/2-year high - Nov 6

06 November 2009 @ 05:42 pm EDT

The Japanese yen rose across the board on Friday after U.S. employers shed 190,000 jobs in October, sending U.S. unemployment rate to a 26 1/2-year high of 10.2%, much higher than the market's forecast of 9.9%. The weak jobs report increased concerns over the health of U.S. economy and boosted demand for safe-haven assets. Usd/jpy tumbled from 90.86 to 89.60, eur/jpy slumped from 135.15 to 133.20, aud/jpy declined from 83.15 to 82.07 in New York morning.

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