Japanese Yen rising slightly after three days of losses

The Japanese yen rose against the dollar during Friday's trading after it witnessed three sessions of decline, comes with the continued demand for the safe haven in the financial markets, which maintains the height of the Japanese currency during the day.

The dollar yen pair is currently trading at 102.86 level, after the session opened today at the level of 103.10, recording the lowest level at 102.82 and the highest at 103.16. comes after the dollar against the yen pair dropped on Friday, recording the lowest level in two and half years at 98.93.

The current volatility in the Japanese Yen levels comes amid growing demand for it in the financial markets as a safe haven next to gold in light of the growing demand by investors for safe-haven investments after Britain out of the European Union.

Japanese economy announced today data on consumer prices index in Tokyo during the month of May, where the actual reading came low 0.5% to match expectations and previous reading, while core CPI National came on the annual level down by 0.4% in line with expectations, and the previous reading was  down by 0.3%.

The unemployment rate index during the month of May stabilized higher by 3.2% to match expectations and previous reading, while the annual household sector spending Index for the same month saw a decline of 1.1% after the low expectations by 1.3% and the previous reading was down by 0.4%

The dollar index, which tracks the dollar's performance against a basket of major currencies, is currently trading at the level of 95.83 after it opened today's session at the level of 95.88, while the lowest level been recorded at 95.78 after recording the highest at 95.90 comes after the dollar index fell yesterday to its lowest this week's level at 95.43.