02 Sep '11, 4am

Dollar flat against yen before US jobs report

Dollar flat against yen before US jobs report

TOKYO: The dollar was flat against the yen in Asia on Friday, as the market awaited a crucial US employment report while cautiously watching Japan's new cabinet lineup. The greenback stood at 76.87 yen in Tokyo trade, unchanged from New York late Thursday. The euro fetched $1.4269 compared with $1.4260 while the European common currency inched down to 109.69 yen from 109.72 yen. Major currencies were locked in tight ranges ahead of the jobs data, which is due out later in the global day, and key events for the euro over the next week, dealers said. "It's a delicate balance between concerns about the US economic outlook and expectations for additional monetary easing from the (Federal Reserve)," said Yutaka Miura, a senior technical analyst at Mizuho Securities. The euro came under pressure against the dollar on Wall Street after a raft of August manufacturing reports from ...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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