The dollar rose after ADP reported that US firms added more jobs than the median forecast in December, boosting expectations of a soft landing for the economy. The yen fell amid rising Treasury yields and on speculation that the recent earthquake will delay any change in policy from the Bank of Japan.
The Bloomberg Dollar Spot Index rose 0.1% after erasing a 0.2% loss and is on pace for a fifth day of gains; the Swedish krona leads G-10 gainers.
Treasury 2-year yields rose three basis point to 4.36% following the ADP data and better-than-forecast continuing claims.
USD/JPY climbed as much as 0.4% to 143.88, the highest level in over two weeks, as Treasury yields and oil prices firmed.
UR/USD was up 0.2% at 1.0942, paring a gain of 0.5%; German and French CPI rose less-than-expected in December.
GBP/USD rises 0.1% to 1.2681 after UK services and composite PMI numbers for December were revised higher.
AUD/USD slips 0.3% to day's low after the US data.
Source: Bloomberg
