Tokyo: The dollar rose against the yen on Monday after falling in US trade owing to a weak report on workers' pay that reignited questions about the timeline for an interest rate hike.
In Tokyo, the greenback fetched 124.03 yen, edging up from 123.91 yen in New York late Friday.
The euro bought $1.0985 and 136.23 yen, slightly higher than $1.0984 and 136.10 yen in US trade.
On Friday, the dollar fell against other major currencies as the US report showed wages and salaries rose just 0.2 percent in the second quarter, decelerating from 0.7 percent growth in the first.
The disappointing data came after confidence got a shot in the arm by a report from the US Commerce Department Thursday that said the world`s top economy expanded at an annual rate of 2.3 percent in the April-June period, the strongest growth since the third quarter of 2014.
And while the figure was a little below expectations, the department also revised up its estimate on the first quarter of the year -- which was hit by severe winter weather -- to growth of 0.6 percent, from a 0.2 percent contraction.
Currency traders are keeping a close eye on US data as they try to gauge the timeline for a Federal Reserve rate hike -- a plus for the dollar -- which is widely expected in September or December.
Sentiment on Monday in Asia was bruised, however, after a key gauge of Chinese manufacturing activity plunged to a two-year low in July, the latest data suggesting the world`s second-largest economy faces challenges.
