Japanese yen rose against the 16 major currency after comments by the Japanese Economy Minister Amari who notes that the continued decline in the yen may pose negative consequences for the nation’s  economy and the standard of living of the citizens.

Where the Japanese yen rose by 1.1% before trading up 0.4% at 102.86 against the dollar in Tokyo, while the Japanese yen touched the 103.31 level against the dollar in the 17 ^th  of May.

Meanwhile, Japanese yen declined by 20% over the previous six months, recording the worst performance among 10 currencies for developed countries.

USD/JPY pair recorded the highest at 102.89 and the lowest at 102.68

New Zealand’s economy released its Performance of Services index reading concerning the month of April, where the reading came 56.1, compared with a previous reading of 55.4 which revised to 55.6.

So far it was reported by the latest Bloomberg Global Poll that the world’s most valuable technology company; Apple Inc, has actually and surprisingly its edge among investors.

In fact the company’s shares are down 40 percent from last year’s high and the company paid higher interest rates for a recent bond sale and recently around 71 percent of poll respondents say the Cupertino, California, company has lost its cachet as an industry innovator.

This includes 28 percent who say it is permanent and 43 percent who say it may be a temporary hiccup while that Lionel Mellul; head of the cash equity business at Sunrise Brokers said: “They’ve definitely lost their momentum”

U.S. stocks climbed higher on Friday’s opening till the local stock market closed the week in green, buoyed by a positively over-the-roof increase in consumer sentiment which rose to pre-crisis levels, and an above forecast rise in leading indicators, sending the U.S. dollar to a three-year high, and putting stocks on route for a fourth week in gains.

The Dow Jones Industrial Average climbed 0.80% or 121.18 points to 15354.40 points. The S&P 500 index rose 0.95% to 1666.12 points. The NASDAQ composite index rose 0.97% to 3498.97 points.

The major U.S. indexes have hit new record highs this week, but stocks pulled back Thursday amid a raft of mixed economic reports and as some Fed officials called for an end to monetary stimulus this year.

The University of Michigan said its consumer sentiment index surged to 83.7 in its preliminary reading for May, the highest since July 2007, highly above estimates at 77.9, from 76.4 in April.

The Dollar Index, which tracks the performance of the U.S. dollar against a basket of other major currencies, soared to 84.50 after the release of the report, its highest level since July 2010, from 84.39 prior to the release. The index eased back to 84.38 after the opening bell.

The index of U.S. leading indicators climbed in April, a rebound from March that suggests the world’s largest economy may be poised for further expansion. The Conference Board’s gauge of the outlook for the next three to six months climbed 0.6 percent in April after falling a revised 0.2 percent in March that was steeper than previously reported, the New York-based group said today.