Dollar falls vs. yen after weaker-than-expected US jobs report

April 7, 2017 09:53 AM

The dollar fell against the yen on Friday after a much softer-than-forecast U.S. non-farm payrolls report, backing expectations of gradual pace of interest rate increases this year.

U.S. non-farm payrolls increased by 98,000 jobs last month as the retail sector shed employment for a second straight month, the Labor Department said on Friday, the fewest since last May. 

The dollar fell 0.4% to 110.36 yen, after the data, while the euro rose against the greenback and was last flat at $1,0638.

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