US data boosts equities, dollar

Major stock indexes closed on Friday at highs not seen in months, with the Nasdaq reaching the highest in 11 years, while the dollar rose against the yen as a jump in US job creation fueled investor optimism.

Major stock indexes closed on Friday at highs not seen in months, with the Nasdaq reaching the highest in 11 years, while the dollar rose against the yen as a jump in US job creation fueled investor optimism.

US Dollar Risks Collapse on Dow Surge…If this is a True Risk Rally Euro Fails to Crack $1.32 – Greek Tragedy Enters Final Act Japanese Yen Outlook in Disarray as Greek Fiasco Beckons Intervention British Pound To Reverse Course As BoE Expands QE Gold Fails to Break December Highs – Bearish Tone Australian Dollar At Risk Of Major Selloff Amid RBA Rate Cut When Will the Kiwi’s Remarkable Run End? Now.

NEW YORK: Robust US jobs data spurred investors to buy the US dollar and sell yen on Friday with the rosier economic report curtailing some expectations the US Federal Reserve will hold off raising interest rates until 2014.

* Strong US jobs data lifts greenback vs yen * Safe haven trade diminishes, euro gains on U.S.

Recently trading at multi year lows, the Yen crosses show signs of turning the corner.

TOKYO — The dollar edged up against the euro but stayed weak against the yen in Asia on Friday ahead of the release of closely watched monthly US jobs data.

It’s difficult to take warnings from Japanese Finance Minister Azumi and Bank of Japan Governor Shirakawa seriously, but we need to be on high alert for possible intervention from the Ministry of Finance or BoJ.

Stalled talks in Europe and ongoing concerns regarding the deepening crisis have fueled risk aversion flows into the close of the month with the dollar advancing against all its major counterparts save the yen. Here are the key levels to watch.

US Dollar a Natural Short but also a Fundamentally Loaded Currency Euro Takes out Highs, Aims for $1.35 – Does Rally Have Staying Power?

The Yen crosses, notably the AUDJPY, show characteristics that are consistent with significant tops.