Weak U.S. Data Leaves Room For Yen to Gain – 17 September, 2020

Uncertainty over economic outlook helped the safe-haven yen reach a seven week high against the dollar and a two month high against the euro. Against the yen, the dollar was 0.3% lower to 104.69 yen having fallen to a seven week low of 104.52. The euro was slightly higher against the Japanese currency at 123.93 yen. The dollar index fell 0.2% to 92.956 against six major currencies as risk appetite increased, and sterling dipped slightly to $1.2960. U.S. jobless claims were elevated at 860,000 leaving many worried about the possibility of a slow economic recovery.