The dollar was near a two-month high versus the yen amid speculation key jobs data on Friday will add to signs the U.S. economy is ready for an interest-rate increase.
Japan’s currency was the second-biggest loser among major currencies against the greenback on Wednesday, after a U.S. report showed service providers expanded in July at the strongest pace in a decade. Friday’s figures are projected to show employers added more than 200,000 jobs for a third month in July. New Zealand’s dollar hit a six-year low in New York.
The dollar was little changed at 124.81 yen as of 9:16 a.m. in Tokyo, after rising to 125.01 on Wednesday, its highest since June 8. It was at $1.0913 from $1.0906 per euro.
The Bloomberg Dollar Spot Index was at 1,216.71 from 1,217.04 in New York, where it climbed to as high as 1,219.31, the most since March 16. The gauge, which tracks the greenback against 10 major peers, climbed Wednesday after the Institute for Supply Management’s non-manufacturing index jumped by 4.3 points to 60.3, the most since August 2005.