The yen declined across the board after the Ministry of Health, Labor and Welfare report showed that Japan's seasonally adjusted unemployment rate rose 4.4 percent in February. This was slightly higher that forecasts for a 4.3 percent increase after the 4.1 percent gain in January.
All household spending was down 3.5 percent on year, the data showed, versus expectations for a 4.7 percent annual fall after the 5.9 percent contraction in January. Wage earner household spending was off an annual 1 percent.
As of 8:45 pm ET, the yen was worth 77.62 against the Canadian dollar, 55.22 versus the NZ dollar, 66.87 against the Australian dollar, 139.81 against the pound, 85.2 versus the Swiss franc, 97.8 against the dollar and 129.3 per euro.
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