The U.S. dollar fell to the upper
The euro was quoted at
The dollar rose to
"The strong data fed expectations about Friday's employment report and was seen as supporting the case for a faster rate hike from the Fed," said
The U.S. currency erased some of those gains later in the day after
The yen had fallen against the dollar a day earlier when reports emerged of the reform-minded Shiozaki's likely appointment to the post, giving him oversight over the country's giant pension fund -- thus power to shift money from investment in domestic bonds to riskier assets like Japanese stocks and foreign bonds.
"It was a case of 'buy the rumor, sell the fact,'" said
Market attention will now turn to a policy meeting of the
"There's a fifty-fifty chance the ECB will act, probably by lowering interest rates or changing their forward guidance," Saito said.
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