USD ends week down, yen still up against major currencies

The US dollar was down at the end of Friday's session against major currencies, steadying at day's low versus the Japanese yen, while the euro recovered its lost ground to trade above the 1.39 USD.

The euro was buying 1.3905 USD after it fell as low as 1.3750 USD on returning concerns about euro zone debt problems. The Japanese yen was still up versus major currencies, the dollar steadying around the 81.85 JPY, after reaching a low of 81.64 JPY. The euro was recovering some lost ground against the Japanese currency, to trade at 113.89 JPY, down 0.44%, after falling to 112.90 JPY. The Japanese yen has been supported by heavy flows repatriation expectations after a huge earthquake hit the country. According to the US Geological Survey, the earhtquake had a magnitude of 8.9 on the Richter scale and caused a huge tsunami with waves of 10 meters.

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