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The Japanese yen weakened against other major currencies in the Asian session on Monday, as investor sentiment reacted positively to the resolution of the U.S. debt ceiling crisis after it was signed into law by U.
The Japanese yen weakened against other major currencies in the Asian session on Monday. The yen fell to a 6-day low of 150.05 against the euro, from Friday's closing value of 149.
Reversing direction, the U.S. dollar fell against its major counterparts in the New York session on Monday, after a data showed that nation's service sector growth slowed more than expected in May.
The U.S. dollar erased its early losses against its major counterparts in the European session on Friday, as stronger-than-expected job growth in May pointed to resilience in the labour market.
The U.S. dollar was lower against its major counterparts in the European session on Thursday, as dovish comments from Fed officials renewed hopes of a pause in interest rate hikes this month.