Yen surges further in Asia as Kuroda supports negative rates

On Friday, the Japanese yen managed to gain in Asia after Haruhiko Kuroda, the BOJ’s chief supported negative rates as backing up underlying trends.      

The currency pair USD/JPY dipped 0.17%, trading at 108.84, AUD/CAD was worth 0.7307, demonstrating a 0.25% slump. 

In New Zealand, the first quarter core retail sales dared to grow 1% quarter-on-quarter, just a bit below the previous 1.1% revenue. 

The currency pair NZD/USD was worth 0.6802, showing a 0.25%.

The US dollar index, normally gauging the greenback’s power against other six key currencies surged 0.03%, trading at 94.14. 

Overnight, the greenback trimmed its revenues against other key currencies after data unveiling that American jobless claims surged suddenly last week, thus powering worries regarding the strength of the job market.       

The US Department of Labor informed that the overall number of individuals filling for initial jobless benefits by May 6 surged by approximately 20,000, now accounting for 294,000, compared to the last week’s outcome of 274,000.    

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