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Major tendencies of the day:

Yen is strengthening against all major currencies, including the US dollar due to slump in American economy.

Euro fell against both the dollar and the yen, reaching its one-week lowest, due to speculations of the fact the interest rates will be lowered by the Central Bank of Europe.

One of the reasons why Japanese Yen rose versus the dollar is because Lawrence Summers informed that the American economy will keep the shrinkage. The Yen also strengthened against all other major currencies, as it is well-isolated from the spreading of the swine flu.

The dollar slipped against major currencies on Friday as a rebound in European share prices eased some risk aversion fears, but trade was subdued ahead of U.S. payrolls data later in the day.

Investors tentatively sold off the dollar and low-yielding yen and bought into riskier assets, including higher-yielding currencies such as the euro and sterling.

The euro EUR rallied around one percent to a session high of $1.2850, according to Reuters data. It later trimmed some gains but held above a low of $1.2654 earlier in the day. The dollar JPY fell 0.4 percent to 97.38 yen.