Dollar Rises on Strong US Jobs Data; Yen Falls Below 160 Level
The U.S. dollar strengthened following stronger-than-expected May nonfarm payrolls data, which showed a gain of 172,000 jobs versus an expected increase of 85,000. The yen fell below the key 160-per-dollar level amid concerns over volatility and potential Japanese intervention.
Topics: foreign exchange JPY nonfarm payrolls USD