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USD/JPY Near 109 as U.S. Nonfarm Payrolls Awaited

The dollar rebounded against the yen on Friday from steep losses overnight while investors awaited U.S. non-farm payrolls data later in the day for further relief.

The dollar had fallen from six-year highs as a slide in global equities had driven U.S. Treasury yields lower and increased demand for the safe-haven yen.

Earlier in the week the U.S. currency had rallied to its six-year high versus the yen and a two-year peak against the euro on well-set views of monetary policies in the United States and those of the euro zone and Japan diverging.

Reuters [1]

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