2014.06.0907:07:10UTC+00Dollar advances on positive jobs data

The US dollar inched up versus the Japanese yen in early trade Monday on optimistic US employment data.

The dollar climbed 0.2% to ¥102.62, adding to profits made Friday when figures showed US non-farm payrolls rose by 217,000 last month, rallying to its pre-recession level and offering validation the world's biggest economy has recovered from a winter slump.

There was little market response to a bunch of data out of Japan. The 1st quarter economic growth was revised up to 1.6% from an initial 1.5% and the country jot down a third straight month of present account surplus, though lower than anticipated, in April "The market is more focused on data pertaining to inflation and its possible impact on the Bank of Japan's monetary policy," said Kadota at Barclays.

Antipodean currencies kept on riding the upward momentum made by the rise to risk sentiment ignited by the ECB's easing.

The New Zealand dollar went up 0.1% at $0.8505, pulling away sharply from a three-month low of $0.8401 logged last week before the ECB meeting.