The greenback has hit a three week high against the yen on fx trading, after U.S. Government report showed employers cut less jobs than forecasted for last month.

The yen was down against all of its most traded pairs, as investors are going for higher-yielding assets.

The dollar gained 1.5 percent, reaching 98.03 yen in morning New York trades. The euro increased 0.4 percent to 137.52 yen. Dollar recovered versus euro reaching a $1.4029 recovering from $1.4183 yesterday. 

There were 347,000 jobs in May, a significant decrease from the 504,000 figure in April, according to the Labor Department.

“Things are still getting worse, but the pace of decline has slowed down,” said David Wyss, chief economist at Standard & Poor’s. “Over all, it’s not quite as dire as it looked in the first quarter.”

Yen fell to 62.31 against the New Zealand dollar and 1.5 percent to 78.62 versus the Australian currency.

The unemployment rate was up to 9.4 percent in May, the highest in 25 years. However employment cuts was the lowest since September.
The pound was also down, trading its lowest level this month against the dollar on forex online trades.