The dollar pushed the yen deeper into intervention territory on Thursday as a resilient U.S. economy underscored the need for higher-for-longer interest rates, while a strikingly ultra-dovish Bank of Japan struggled to defend its policy stance.

The Australian dollar tumbled after the country's July employment unexpectedly fell while its jobless rate ticked up more than expected.

The Aussie sank nearly 1% after the release of the figures, dragging the New Zealand dollar alongside it.

The yen bottomed out at 146.565 per dollar in early Asia trade, its lowest level since November, having come under renewed pressure as a result of interest rate differentials between the U.S. and Japan.

Elsewhere, the euro fell 0.07% to $1.08695, while sterling dipped 0.1% to $1.27195.

The Australian dollar fell as much as 0.9% to a low of $0.6365 after the release of its employment figures, while its New Zealand counterpart slid more than 0.5% to $0.5903, both their lowest levels since November.

The U.S. dollar index touched a two-month high of 103.59.

Source : Reuters