The Japanese yen accelerated versus the US dollar Monday ahead of Bank of Japan’s monetary policy meeting and disappointing US jobs data.
Last Friday, the US Labor Department reported nonfarm payrolls rose by 126,000 in March, the smallest advance since December 2013.
The yen traded at ¥118.94 per greenback, down 0.02%.
Thin trading conditions due to Easter holiday last weekend, as well as trading hours in US markets were shortened and most markets were closed in Europe also contributed to the decline in the dollar.
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