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FOREX-Dollar falls vs yen after U.S. jobless, price data

Published 02/18/2010, 09:01 AM
Updated 02/18/2010, 09:03 AM

(Adds comment, detail; changes byline, dateline; previous LONDON)

By Vivianne Rodrigues

NEW YORK, Feb 18 (Reuters) - The dollar fell versus the yen on Thursday after reports showed a jump in weekly U.S. jobless claims and a higher-than-expected increase in January producer prices.

Analysts said the data may weigh on U.S. stocks and increase risk aversion among investors.

"We have higher inflation and less jobs in the United States and both are very bad for the equity markets ... and not necessarily good for the dollar overall," said Andrew Busch, a global FX strategist at BMO Capital Markets in Chicago.

The dollar fell 0.8 percent to 90.59 yen, a session low, from 90.85 yen prior to the data. (Additional reporting by Wanfeng Zhou and Steven C. Johnson in New York; Editing by James Dalgleish)

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