Lower Amount of New Jobs Pushes Dollar Down vs. Yen
The U.S. dollar weakened today against the Japanese yen, erasing its yesterday’s gains, after the nonfarm payrolls showed the lower number of new employees hired than was expected, causing the concern for the economic recovery.
The nonfarm payroll employment grew by 431,000 in May, compared with the estimated increase of 521,000. The low number of the new jobs makes one question if the U.S. economy recovers with the expected pace or it’s going to lag behind the stronger economies.
USD/JPY trade at about 92.05 today as of 13:31 GMT, falling from its opening price of 92.69.
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Earlier News About the US Dollar:
- Dollar Strengthens vs. Euro & Pound, Weakens vs. Yen (2010-05-28)
- Dollar Rises with Economic Expansion in U.S. (2010-05-27)
- Dollar Rises Against Euro & Pound, Falls vs. Yen (2010-05-18)
- Dollar Strengthens vs. Euro & Pound, Declines vs. Loonie & Yen (2010-05-15)
- Dollar Extends Gains vs. Euro Supported by Economic Recovery (2010-05-14)


USD vs JPY : At the end of the session it was as low as 91.429, And closed for the weekend at about 91.65