Yen and dollar fell on currency trading against major currencies as U.S. stocks rose and speculation of an end of the worst of the economical crisis had traders going for higher-yielding currencies.

Yen fell versus Norwegian krone and Swedish krona, after Standard & poor{s 500 Index went up 0.3 percent and Japanese banks are getting ready around 4700 billion yen to be invested in international assets.

Yen was still down 1 percent versus the euro in early New York forex trades. Yen was also trading lower than the dollar at 94.69.

Japanese banks are motivating investors to go for mutual funds in currencies such as the Brazilian real and the South African rand.

However Reuters reported "dollar briefly trimmed losses against the euro on Thursday, after data showed U.S. existing home sales rose 3.6 percent in June."

Euro fell down to $1.4212 right after the data, while dollar extended gains versus the yen to 94.95.

Home sales in the U.S. rose to a rate of over 7.2 million, but sales have not gone over the 5 million mark since September 2008.

According to CNN "The median price for a home sold during the month was just $181,800 -- 15.4% lower than 12 months earlier