Yen rose against the euro for the for the first time in three days on forex trades, as decline on American and European stocks had traders look for the safety of the Japanese currency.

The yen rose the most against the Norwegian krone, Swedish krona, British pound and Brazilian real. The Standar & Poor´s Index dropped drastically.

At 1.47 New York trades the yen appreciated 1 percent to 137.05 per euro. The Japanese currency also went up to 97.25 per dollar.

The greenback was also up against the euro 0.4 percent, while the Dow Jones Industrial Average declined 0.5 percent.

Reuters gave a general list of interest rates for 2009. The Sweden´s Riskbank cut its main interest rate down to 0.25 percent, while European central Bank cut its main interest rate by 25 basis points.

Report showing that U.S. employers eliminated 247,000 jobs in July after against the 443,000 in the previous month did not work as a significant sign of recession overcome.