Investing.com - The dollar rose against the yen on Friday after the U.S. government released better-than-expected jobs data.
In U.S. trading on Friday, USD/JPY was trading at 78.68, up 0.25%, up from a session low of 78.28 and off a high of 78.87.
The pair was likely to find support at 78.28, the earlier low, and resistance at 78.87, the earlier high.
The U.S. unemployment rate fell to 7.8% percent in September from 8.1% in August, the Bureau of Labor Statistics reported earlier Friday.
Employers added a net 114,000 jobs in September, while households reported that total employment rose by 873,000 in September following three months of little change.
The number of unemployed Americans stands at 12.1 million, the fewest since January 2009.
The news sent the dollar falling against most currencies save the safe-haven yen, which also fell on the news as investors sold to embrace riskier assets.
Meanwhile in Japan earlier this week, the Bank of Japan opted not to expand monetary easing tools, which strengthened the yen before it later fell against the greenback in a global risk-on trading session.
The yen, meanwhile was down against the pound and down against the euro, with GBP/JPY up 0.07% and trading at 127.15 and EUR/JPY trading up 0.37% at 102.53.
In U.S. trading on Friday, USD/JPY was trading at 78.68, up 0.25%, up from a session low of 78.28 and off a high of 78.87.
The pair was likely to find support at 78.28, the earlier low, and resistance at 78.87, the earlier high.
The U.S. unemployment rate fell to 7.8% percent in September from 8.1% in August, the Bureau of Labor Statistics reported earlier Friday.
Employers added a net 114,000 jobs in September, while households reported that total employment rose by 873,000 in September following three months of little change.
The number of unemployed Americans stands at 12.1 million, the fewest since January 2009.
The news sent the dollar falling against most currencies save the safe-haven yen, which also fell on the news as investors sold to embrace riskier assets.
Meanwhile in Japan earlier this week, the Bank of Japan opted not to expand monetary easing tools, which strengthened the yen before it later fell against the greenback in a global risk-on trading session.
The yen, meanwhile was down against the pound and down against the euro, with GBP/JPY up 0.07% and trading at 127.15 and EUR/JPY trading up 0.37% at 102.53.