* Yen rises broadly, hits 7-week high vs dollar
* Risk aversion continues, U.S. stock futures fall
* US private sector sheds 298,000 jobs in August (Adds comment, details, updates prices, changes byline, changes dateline, previous LONDON)
By Wanfeng Zhou
NEW YORK, Sept 2 (Reuters) - The yen rose broadly on Wednesday, hitting a seven-week high versus the dollar after a worse-than-expected report on U.S. private-sector jobs boosted safe-haven demand for the Japanese currency.
U.S. stock futures added to losses, stoking risk aversion after data showed U.S. private employers cut 298,000 jobs in August.
Economists had looked for job losses of about 250,000 last month, although the number was fewer than a revised 360,000 jobs lost in July. For details, see [ID:nWEN3023].
"The ADP report is slightly worse than expected," said Win Thin, senior currency strategist at Brown Brothers Harriman in New York. "The trend is improving but the bottom line is that the U.S. economy is still bleeding jobs and as a result we're seeing selling in risk trades in the currency market."
The yen and the dollar have tended to gain when risk aversion rises as investors see them as safe havens in times of market stress.
In early New York trading, the dollar was down 0.6 percent
to 92.40 yen
The euro