Dollar soars on yen after jobs data

By Blake Ellis and Julianne Pepitone, staff reporters

NEW YORK ( -- The dollar rose sharply against the yen Friday following a better than expected employment report from the government, but it slipped against other major currencies.

What prices are doing: The dollar soared 1.5% against the yen to ¥90.39.

Click chart to see how other currencies are faring

But the greenback lost some ground against the euro, slipping 0.2% to $1.3613. The euro got a boost as concerns about Greece's debt problems eased following a strong auction of the country's 10-year bonds Thursday.

The greenback also fell versus the pound, down 0.6% at $1.51265.

On Thursday, the dollar rose sharply against other currencies as investors flocked to the U.S. currency as a safe haven ahead of Friday's jobs data.

Earlier in the week, the dollar fell as investors began eyeing riskier assets on increased optimism about Greece's economy, and the dollar continued to decline Thursday following news that Greece had finally outlined a plan to reduce its debt.

What's moving the market: In its highly anticipated report on employment, The Labor Department said 36,000 jobs were lost in February and the unemployment rate was unchanged at 9.7%.

Economists surveyed by expected the report to show a loss of 63,000 jobs last month. The unemployment rate in February is forecast to rise to 9.8% from 9.7% in January. To top of page

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