NZD/USD advances on Friday and trades around 0.5610 at the time of writing, up 0.12% on the day. The New Zealand Dollar (NZD) benefits mainly from the decline in the US Dollar (USD), which comes under pressure following a significantly weaker-than-expected employment report.
USD/JPY declines after two days of gains, trading around 157.90 during Asian hours on Friday. The Japanese Yen (JPY) gained momentum following stronger-than-expected inflation data from Tokyo, putting downward pressure on the pair.
Tokyo's core inflation rate, which leaves out fresh food, jumped to 2.7% in September from 1.8%, against a 2.4% forecast. Prices excluding food and energy rose a full point to 3%, so the jump goes beyond fuel bills.