During Friday's trading session, the US dollar extended decline against the yen down to its seven-month low on the Japanese stock market slump as well as ahead of the US unemployment report.
The Asian session saw the greenback decrease against the yen by 0.59 percent, down to 119.35. As a result, the US currency is likely to end the trading week with an overall loss of almost 2 percent.
Meanwhile, the US dollar index dropped by 0.17 percent against the basket of six major currencies, coming in at 96.244. The euro edged down against the Japanese yen in the early trades, hitting its four-month low at 132.62. The euro/dollar pair continued a slight upward movement on Friday. The euro climbed by 0.08 percent up to 1.1130 following the statement by Mario Draghi, President of the ECB. The official said that the central bank might extend its quantitative easing program beyond September 2016.
Experts believe that the US dollar can rise today only due to higher employment rate in the United States. However, the growth is expected to be rather insignificant as the recent turmoil in the financial markets leads investors to assume that the Fed might delay its long-expected rate hike.
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