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Japanese Yen recovers a major part of its weekly losses against US Dollar
The Japanese Yen (JPY) attracts some haven flows during the Asian session on Thursday and reverses a major part of its weekly losses against the US Dollar (USD) registered over the past three days. The US ADP report on Wednesday pointed to a notable reduction in private-sector employment. This comes a day after the US Labor Department reported that job openings tumbled in October to the lowest level since March 2021 and was seen as another sign that the tight labor market could be loosening. The data, meanwhile, fuels concerns about an economic slowdown and tempers investors' appetite for riskier assets, boosting ... (full story)