Yen falls against firm dollar

Economies.com
2021-01-08 20:05PM UTC

The Japanese yen fell on Friday, as the US dollar attracted more safe-haven demand amid concerns about the US political tensions.

 

This came after thousands of Trump supporters stormed the Capitol building in protests against Joe Biden's victory.

 

Sources said that US President Donald Trump is considering about his self-pardon power for any event or decision that might bring him to court, and he also decided not to attend Biden's inauguration on January 20.

 

From Japan, household spending rose 1.1%, beating analysts' forecasts of 1%. 

 

The US Department of Labor reported today that the economy has lost 140,000 jobs in December, while the unemployment rate held at 6.7% unchanged.

 

As of 20:03 GMT, USD/JPY rose 0.1% to 103.9, after hitting a high of 104.09 and a low of 103.6.

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