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FOREX-Dollar swings wildly after US jobs data

NEW YORK, July 2 (Reuters) - The dollar jumped against the yen but immediately surrendered those gains on Friday after a report showed a larger-than-expected drop in U.S. June nonfarm payrolls to 125,000, while the unemployment rate unexpectedly fell to 9.5 percent. For more details, click [ID:nOAT004655]

The euro gained against the dollar as investors looked past economic problems in the euro zone and instead focused on the possibility of a stalled economic recovery in the U.S.

The dollar was last at 87.35 yen on electronic trading platform EBS JPY=EBS, compared with 87.60 yen prior to the data.

The euro last traded at $1.2592 EUR=EBS EBS, up from the $1.2550 it traded at before the report.

Analysts were forecasting the loss of 110,000 jobs in June and the unemployment rate to post at 9.8 percent, according to a Reuters poll. (Reporting by Nick Olivari, Editing by Chizu Nomiyama)

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