U.S. Job Data Helps Dollar Gain Against Yen – 4 April, 2019

The dollar has been climbing against the yen, gaining roughly 0.85 percent this week due to improvements in risk appetite as well as strong economic data. Ongoing trade tensions between the U.S. and China have also aided in distracting financial markets, though efforts have moved closer than ever before to come to an agreement that will satisfy both countries. Against the yen, sterling hit as high as 111.80, its highest in three weeks, after settling at 111.695. After falling to a six week low, the dollar has managed to gain 1.8 percent against the yen this week, last trading at 109.70 yen. The euro was steady at $1.1225, while sterling was unchanged at $1.3076 having fallen 0.7 percent overnight. The dollar index was steady at 97.289, gaining 0.2 percent against six major currencies overnight.