Home GRASP GRASP/Japan Dollar hits 1-week high vs yen on firm US data, non-farm payrolls...

Dollar hits 1-week high vs yen on firm US data, non-farm payrolls next

239
0
SHARE

The dollar hit a one-week high against the yen early on Friday, on the front foot after upbeat U. S. private sector job figures.
The dollar hit a one-week high against the yen early on Friday, on the front foot after upbeat U. S. private sector job figures and awaiting the closely-watched non-farm payrolls report for another potential boost.
The U. S. currency was up 0.2 percent at 111.560 yen after rising to 111.580, its highest since May 26. It was on track to eke out a gain of about 0.25 percent on the week.
The euro was little changed at $1.1216 after losing 0.3 percent the previous day. The common currency had risen to a nine-day high of $1.1257 on Thursday and was still poised for a 0.4 percent weekly gain.
Prior to the boost from the stronger-than-expected May ADP employment report issued late on Thursday, the dollar had struggled with U. S. political concerns and a consequent risk-off mood that had gripped the wider markets earlier in the week.
The currency now awaits the May U. S. non-farm payrolls report to end the week on a high.
“That today’s U.

Continue reading...