Top Print strengthening U.S. dollar against Japanese yen
United States Dollar ( U.S. ) hit a one-month high against the Japanese yen , before the release of the jobs report this week , which may prompt the Federal Reserve to cut stimulus .
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Euro holds gains as traders speculated that the recent weakness has been factored into the outlook for European Central Bank President Mario Draghi , who will announce easing measures at its policy meeting tomorrow .
" If the U.S. economic data remains strong , we will continue to see a rise in bond yields , supporting the strengthening of the U.S. dollar against the yen , " said currency strategist at Nomura International Plc , Yujiro Goto , as quoted by Bloomberg , on Wednesday ( 06/04/2014 ) .
" It would be difficult for the euro to weaken further Draghi on Thursday’s meeting , because a lot of additional easing stimulus sentiment has begun to enter , " he added .
He was the U.S. was little changed at USD102 , 54 per Japanese yen , the U.S. dollar traded at USD1 , 3620 per euro , following a decline of 0.2 per cent to $ 1, 3628 per euro . While the euro against the yen closed at 139.65 per euro from 139.69 per euro .
Companies in the U.S. probably will add 210,000 workers in May , following a 220,000 rise in the previous month . The U.S. dollar yesterday had weakened against the euro and gained against the Japanese yen after U.S. factory orders rose in April , more than economists forecast .
The U.S. dollar has gained 1.2 percent last month , according to Bloomberg Correlation -Weighted Indexes , which tracks 10 emerging market currencies . The yen gained 0.8 percent , while the euro was down 0.9 percent .