RTRS: Dollar gains vs yen after U.S. jobless claims
NEW YORK (Reuters) - The dollar rose against the yen on Thursday after data showed initial U.S. weekly jobless claims came in lower than expected.
The U.S. Labor Department reported that initial state jobless benefit claims fell to 502,000 in the latest week from a revised 514.000 in the prior week. The consensus forecast was for initial claims of 510,000.
"Dollar/yen perked up a little bit on the news which is no real surprise considering that jobless claims continue to fall, which is encouraging," said Omer Esiner, senior market analyst at Travelex Global Business Payments in Washington.
The dollar rose 0.4 percent against the yen to 90.18 yen. The euro was last down 0.4 percent at $1.4926.
(Reporting by Nick Olivari and Wanfeng Zhou, Editing by Chizu Nomiyama)
