Tokyo, July 3 -- Japanese currency yen pulled back from record lows and was trading at 161.2 levels on Friday. The currency had touched a record low of 162.8 on Tuesday as hopes of the US Federal Reserve raising rates gained steam on the back of high inflation.

The pullback in the Japanese currency has come as those fears take a back seat now that the latest US jobs data has come in weaker than expected. The US economy added 57,000 jobs for the month of June, data from the Bureau of Labor Statistics showed. The unemployment rate has, however, ticked lower at 4.2 per cent due to a massive drop in the labour participation numbers.

The Japanese Finance Minister Satsuki Katayama, in a press conference, reiterated the government's stance tha...