The Japanese yen marked a fourth-straight day of losses on Monday against the world's reserve currency after China released economic data noting manufacturing advanced last month, according to Bloomberg.
The yen slumped toward its lowest value in five-plus years against the common currency of the European Union after data noted manufacturing grew for a fifth month in Europe last month. The U.S. is preparing to release economic data later this week that is likely to influence the performance of the yen.
"The dollar finished November at its highest level against the yen since May," states a research note authored by global head of foreign exchange strategy Marc Chandler with Brown Brothers Harriman, according to Reuters. "It appears to have broken out of the six month consolidative pattern."
The yen fell roughly 0.3 percent against the U.S. dollar on Monday and about 0.2 percent against the euro.
The U.S. Labor Department is slated to release employment data figures from last month on Friday, according to Reuters. A poll of economists revealed projections of 185,000 jobs last month, which represents a reduction from the 204,000 positions created the month prior.
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