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The dollar rallied across the board on Friday and notched a near 11-month high against the yen after strong US jobs growth underscored the upswing in the US economy while other countries around the world struggle. Against the yen, the dollar was on track for a fifth straight week of gains, the longest such streak in almost five years.
Japan's recent monetary easing and expectations of additional easing next week contrast starkly with the outlook of a diminishing need by the US Federal Reserve to undertake further monetary stimulus following a recent string of data signalling the recovery is gaining traction. The dollar rose to 82.51 yen, its highest level since April 27, 2011. It last traded at 82.42, up 1 percent, according to Reuters data. The euro fell to a three-week low of $1.3095. It last traded at $1.3104, down 1.3 percent.

Copyright Reuters, 2012

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