New York - The dollar surged in New York trading on Friday, following the release of stronger-than-expected U.S. jobs data, sending the yen back to levels prior to a series of yen-buying market interventions by Japanese authorities since late April.As of 5 p.m., the greenback stood at ¥160.28 to 160.38, up ¥0.31 from the previous day.The U.S. currency was buoyed by data showing that U.S. nonfarm payrolls in May increased by 172,000 jobs from the previous month, far surpassing market forecasts.
Yen falls to pre-intervention levels after solid U.S. jobs data
New York - The dollar surged in New York trading on Friday, following the release of stronger-than-expected U.S. jobs data, sending the yen back to levels prior to a series of yen-buying market interventions by Japanese authorities since late April.As of 5 p.m., the greenback stood at ¥160.28 to 160
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