The yen rose to 135.105 against the dollar, moving away from its mid-week low of 137, which was its weakest level in 24 years.
The dollar index, which measures the performance of the US currency against 6 of its peers, including the yen, the euro and the pound sterling, rose 0.18 percent to 104.85.
The euro fell 0.31 percent to $1.0449, and the British pound fell 0.53 percent to $1.21145.
The Australian dollar fell 1.12 percent to $0.6826, and touched $0.6822, a level not seen since June 2020.
Its New Zealand counterpart fell 1.15 percent to $0.6175 for the first time since May 2020.
“Dollar sentiment is deteriorating amid rising recession fears,” RBC Capital Markets strategists wrote in a note to clients.
They added that the odds of the United States sliding into recession without dragging the rest of the world with it are very low.
They emphasized that the dollar and other safe haven currencies such as the yen and Swiss franc would benefit at the expense of commodity-linked currencies and the British pound during the global downturn.
The dollar index is heading for a gain of 0.75 percent, while it will be its best week in four weeks.
As for the euro, it is heading towards recording a weekly decline of 0.94 percent, after touching the lowest level in two weeks at 1.0381 dollars yesterday, Thursday, as investors see that the economic predicament in Europe is more dangerous than it is in the United States, where it exacerbated there due to the energy crisis fueled by the crisis in Ukraine.
The British pound has fallen 1.21 percent this week, while the Australian dollar has fallen 1.66% since last Friday.
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