Dollar turns positive vs yen after US jobless claims data

The data pointed to a continued steady improvement in labor market conditions.

The dollar last traded at 93.42 yen, up 0.1 percent on the day. It had been trading at about 93.28 before the release of the data, according to Reuters data.

The euro last traded at $1.3338, down 0.9 percent on the day. The euro traded at about $1.3334 before the release of the data and briefly fell after the data before recovering.

Initial claims for state unemployment benefits dropped 27,000 to a seasonally adjusted 341,000, the Labor Department said on Thursday. Economists in a Reuters poll had expected claims to drop to 360,000.