Yen edges up in Asia ahead of US employment numbers
AFPTOKYO--The yen logged modest gains on Thursday with few immediate trading cues and ahead of U.S. jobs data on Friday but the currency remained under selling pressure, dealers said.
February 1, 2013, 1:01 am TWN
In afternoon Tokyo trade, the U.S. dollar weakened to 90.81 yen against 91.05 yen in New York on Wednesday, while the euro bought 123.21 yen from 123.54 yen.
The single currency was virtually unchanged at US$1.3567.
The U.S. dollar was mixed against other Asia-Pacific currencies, rising to SG1.2391 from SG1.2350 on Wednesday and to 1,089.30 South Korean won from 1,082.20 won.
The greenback weakened to 40.65 Philippine pesos from 40.66 pesos, to 53.14 Indian rupees from 53.49 rupees and to 9,740 Indonesian rupiah from 9,760 rupiah.
The Australian dollar bought US$1.0393 from US$1.0469, while China's yuan fetched 14.60 yen against 14.56 yen.
“Players are sidelined looking for fresh elements to trade,” said Teppei Ino, currency analyst at the Bank of Tokyo-Mitsubishi UFJ.
“They have also refrained from taking long positions ahead of U.S. payroll figures,” scheduled for Friday, he added.