Friday, November 6, 2009

WORLD FOREX: Dollar Edges Down Vs Yen Before US Jobs

The dollar edged down against the yen in Asia Friday as some short-term players sold the U.S. currency on the view that a keenly-awaited U.S. jobs report later in the day may show the country's employment conditions worsening.

The U.S. non-farm payrolls report, due at 1330 GMT, may show 175,000 jobs cut in October, economists surveyed by Dow Jones Newswires said. While that would be an improvement on the 263,000 jobs lost in September, the unemployment rate is tipped to rise from 9.8% .

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