The dollar rose again versus the yen on Friday after a U.S. government report showed employers added more jobs than expected in November, easing concerns about a possible recession.
Employers added 94,000 jobs last month, better than estimates. A Bloomberg survey of 82 economists found a median jobs creation forecast of 80,000 new jobs.
While most analysts expect the Federal Reserve to ease its benchmark interest rate from 4.25 percent when policy makers meet on December 11, whether the reduction will be 0.25 basis points or 0.5 basis points has yet to be determined.
A higher rate cut would mean the Fed believes the economy needs a stronger push to prevent a recession.
The U.S. dollar was up to 111.70 yen at 4:16 p.m. in New York, from 111.32 yesterday. The yen dropped to 163.67 per euro from 162.93. The dollar lost against the euro to reach $1.4646 per euro from $1.4638.