Saturday, March 9, 2013
Yen Touches Lowest Since Aug '09 On Positive U.S. Hiring
NEW YORK (NQN)--The yen weakened further against the dollar Friday as investors reacted to a U.S. Labor Department report showing a bigger-than-expected gain in jobs last month.
The Japanese currency neared 96.6 to the greenback, its weakest since August 2009, in morning trading here.
In what was seen as a sign that the U.S. economy is gaining momentum, nonfarm payrolls grew by 236,000 workers in February -- a healthier showing than markets had expected.