The
dollar reached a one-month high versus the yen before the release of
labor reports this week that may encourage the Federal Reserve to pare
stimulus.The euro held a gain from yesterday as traders speculated that its recent weakness has factored in prospects European Central Bank President Mario Draghi will announce easing measures at a policy meeting tomorrow. The New Zealand dollar remained lower following a two-day drop as whole milk powder prices fell for an eighth straight auction.
The U.S. currency was little changed at 102.54 yen as of 9:10 a.m. in Tokyo from yesterday after reaching 102.59, the strongest level since May 2. It traded at $1.3620 per euro, following a 0.2 percent decline to $1.3628 yesterday. The euro bought 139.65 yen from 139.69.
Companies in the U.S. probably added 210,000 positions in May, following the previous month��s 220,000 increase, economists surveyed by Bloomberg News forecast before data from the ADP Research Institute today. A June 6 Labor Department report may show a gain of 215,000 jobs, a separate poll showed.
The dollar yesterday pared losses against the euro and advanced versus the yen after U.S. factory orders increased in April more than economists forecast.
Ten-year Treasury yields yesterday climbed to 2.60 percent, the highest since May 14, after rising 12 basis points over two days. Bonds of similar maturity in Japan yield 0.615 percent.
Source : Bloomberg
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