U.S. Dollar Eases after Jobs Data

The dollar slipped in early Asian trading on Friday, as disappointing U.S. employment data and caution ahead of Greece’s referendum on bailout conditions kept the market mood subdued.

Against its Japanese counterpart, the dollar was buying 122.84 yen, down about 0.2 percent on the day but holding well above a five-week low of 121.93 hit on Tuesday.  The euro edged down about 0.1 percent to 136.31 yen, while gaining about 0.1 percent against its U.S. counterpart to $1.1096.  U.S. markets will be closed on Friday in observance of Independence Day.

Investors had been hoping that solid improvement in the labour market would reinforce expectations that the U.S. Federal Reserve will raise interest rates as early as September, but payrolls data was not as robust as many expected.