The yen gained against the dollar in early Asian trade on Monday with last week's U.S. jobs data expected to weigh in holiday-thinned trade.
Last week, the dollar turned sharply lower against the other major currencies on Friday after an unexpectedly weak U.S. jobs report saw investors push back expectations for a rate hike by the Federal Reserve to the end of the year from midyear.
The Labor Department reported that the U.S. economy added 126,000 new jobs in March, less than half of February’s gain and the smallest increase since December 2013. Economists had forecast jobs growth of 245,000 last month.
In the week ahead, markets outside the U.S. will remain closed on Monday. The U.S. is to release what will be closely watched data on service sector activity on Monday and the Federal Reserve is to publish the minutes of its March meeting on Wednesday.
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