Dollar slips to 1-month low vs yen

LONDON, June 6 Mon Jun 6, 2011 6:16am EDT

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LONDON, June 6 (Reuters) - The dollar slipped to a one-month low against a broadly stronger yen on Monday, with the U.S. currency staying under selling pressure after weak U.S. payrolls last week highlighted struggles in the U.S. economy.

The dollar slipped to 79.97 yen JPY= according to electronic trading platform EBS, its weakest since May 5 and briefly dipping below the psychologically key 80 yen level.

Some traders cited custodial flows to buy the yen across the board, which helped to prod the U.S. currency lower, while momentum funds were seen selling currencies against the yen.

The euro EURJPY=R fell 0.5 percent on the day to 116.87 yen.

(Reporting by London Forex Team)

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