Yen rallies as sentiment sours, jobs data knocks Aussie
Thursday, 13 June 2019 15:14 WIB | CURRENCIES | YenAussie

The yen rallied on Thursday as fading hopes of a U.S.-China trade deal at this month's G20 meeting and massive street protests in Hong Kong drove investors into safe-haven assets.

The yen neared a one-week high versus the dollar, rising 0.2% to 108.295.

Against the Australian dollar it soared to its highest since a January flash crash. The Aussie, seen as a barometer of global risk sentiment, was also hurt by jobs data taken as a green light for an early interest rate cut.

The Aussie was down 0.3% against the U.S. currency at $0.6911 while against the yen it dropped 0.6% to 74.80 yen.

Source : Reuters

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