The yen suffered widespread losses against the majors in the Friday session as traders shifted back into the carry trades. US equities rallied ahead of the holidays, with both the Dow Jones Industrial Average and the Nasdaq up by around 1.5% in the New York afternoon.

Prompting the gains were upbeat US economic data, which revealed continued resiliency with the American consumer. The greenback jumped to its highest level against the yen since November 7^th at 114.16 while trading sideways versus the euro and sterling.