Continuing with the trend we mentioned yesterday: Yen completed seven-week high against the US dollar accompanied by gains across the board on Wednesday, as a worse than expected U.S. private-sector jobs report boosted the safe-haven appeal of the Japanese currency. 

In Foreign Currency Accounts: The yen also continued with seven-week highs against the euro and sterling as the data, which came two days ahead of the U.S. government's August unemployment report, added to uncertainty about the U.S. labor market and helped prolong risk aversion.

In other main currencies news:  Private employers cut 298,000 jobs in August, according to the ADP Employer Services report, jointly developed with Macroeconomic Advisers LLC. Economists had expected job losses of 250,000, although the number was less than a revised 360,000 lost in July. The European Central Bank is widely expected to keep interest rates at 1.0 percent on Thursday, with ECB President Jean-Claude Trichet likely to caution against growing talk of a full-blown euro zone economic recovery.