Yen fell in Forex Accounts

Japanese currency Yen fell on Friday in Forex Accounts, U.S. employers cut fewer jobs than expected in August and supported recent data indicating an economic recovery and dimming safe-haven demand for the Yen. Trading was volatile, although many investors and traders left early for the U.S. Labor Day holiday.

The U.S. economy cut 216,000 jobs in August and the unemployment rate rose to 9.7 percent, said the Labor Department on Friday. Analysts had expected nonfarm payrolls to drop by 225,000 and the unemployment rate to increase up to 9.5 percent, the US economy is close to a two digit unemployment rate!

In other main fundamentals,  Canada's dollar rallied against the greenback on Friday and touched its highest level in a week as upbeat Canadian and U.S. jobs data helped spark demand for riskier assets. The Canadian dollar was given an early boost after a report showed the Canadian economy unexpectedly added 27,100 jobs in August even though the unemployment rate rose to an 11-1/2 year high of 8.7 percent.