NEW YORK, June 7 The dollar rose to session
highs against the yen, rallying from two-month lows hit earlier
on Friday, as it zoomed past key technical levels following a
U.S. jobs report that was viewed positively by the market.
Traders said the 97.37 yen area was a key pivot for the
currency pair, with the dollar clearly past that level to trade
at a high of 97.75. The breach on the upside of that 97.37 area
could push the dollar back to the 99 yen zone again.
The greenback was last at 97.70 yen, up 0.8 percent.
It was huge turnaround for the dollar which fell to
two-month lows earlier in the global session and was down 1.6
percent going into the U.S. jobs data.