Dollar has extended decline to a five-month low against the yen, as currency closed below 92.40 support on forex accounts.

According to Reuters “the dollar extended losses against the yen on Friday, after data showed U.S. consumer sentiment soured in July.”

Dollar fell from 92.50 to 92.37 yen before the official report. The greenback reached on July 8th its lowest level since February 17th, completing the so called “head and shoulders” in forex trades which happens when a currency makes three consecutive peaks, being the middle one the highest.

Likewise the stock market opened with a slight decrease in New York City, as traders are anxious about economical declines.

The New York Times reported “Markets around the world pulled back as traders decided to sell in an atmosphere of uncertainty about upcoming earnings reports and what they will say about the economy.”

On Friday, President Obama assured that leaders of industrialized nations are going to continue fighting for economic recovery, but a full stability is "still a ways off."