The Japanese yen rallied today, while riskier currencies such as the Australian dollar and sterling fell as traders awaited US jobs data. The yen rose about 0.3% to 145.02 per dollar, following a 1% rally overnight against a broadly stronger dollar. The dollar-yen pair tends to track long-term US Treasury yields, which fell about 7 basis points (bps) overnight and continued to decline in Asian trading hours to stand at 3.8329%, as investors flocked to the safety of bonds. The dollar was firm against most other major peers. Sterling was flat at $1.3110, after weakening 0.23% overnight. The euro rose to $1.10495, following a 0.26% decline in the previous session. The Australian dollar fell 0.15% to $0.67015, having fallen 1.2 percent on Tuesday. Source: Oman News Agency
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