Australian dollar hits four-year high on yen

The Australian dollar rose to four-year highs against a sliding yen on Friday but failed to make any headway versus the greenback, which was well supported as markets positioned for a positive US jobs report. Higher bond yields in turn helped lift the Aussie to 97.74 yen, a peak not seen since August 2008 and a gain of 2.4 percent for the week.
Against the dollar, the Aussie slipped 0.2 percent to $1.0247, having earlier risen as high as $1.0276. Still, it was on track to end the week about 0.5 percent higher. The New Zealand dollar also lost ground on the greenback, slipping to $0.8261 from $0.8280 at the local open, with the momentum seen to the downside.