US dollar lost positions against Japanese yen

On Wednesday US dollar remained mostly weak against the Japanese yen, which caused impact on greenbacks positions versus the other major currencies.

USD/JPY fell down to 101.52 during European trade session. Yens strength came after its yesterdays retreat by almost 1.4%, because Japanese stocks registered a decline through the course of a volatile trade.

The greenback was again under support after yesterdays strong data from US, fueling expectations that FED would reduce scale of easing from its current 85-billion US dollar monthly level.

Additionally, EUR/USD pushed higher, reaching 1.2894, after official report showed that the number of unemployed people in Germany rose by 21 000 during May, disappointing forecasts for only a 5000 increase.

After hitting 11-week highs versus the British pound, US dollar retreated, with GBP/USD moving upwards to 1.5065.