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Feb 04 2019

Dollar Gains versus Yen, boosted by US Jobs and Manufacturing Data

The US dollar jumped up against the yen on Friday, posting its largest one-day gain in almost a month, after January data showing the biggest number of US jobs created in 11 months and a rally in US manufacturing.

However, the analysts say the bald wage inflation as shown in the US nonfarm payrolls report kept the dollars gain toned down.

According to a report, the US economy created 304,000 jobs, easily supplanting forecasts for 165,000 jobs.

In afternoon trading, the US dollar reaped 0.6 percent against the yen to 109.52, as the dollar index trading little changed on the day at 95.579.  

The dollar overall also reaped the benefits from a rise in US manufacturing index to 56.6 in January, from 54.3 the month before.

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