Thursday, May 31, 2007

Dollar off 3-month high vs yen ahead of U.S. jobs data

(Reuters) - Traders said the dollar has a chance to extend its gains above 122 yen if the jobs data is healthy, but some analysts pointed out that the market may have already priced in a strong figure and dollar-buying may not last long.




"I think the jobs data itself is unlikely to provide a positive surprise to the market," said Osamu Takashima, chief analyst at the Bank of Tokyo-Mitsubishi UFJ.


Read more at Reuters.com Hot Stocks News

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