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According to Bloomberg, the US currency had increased by 1.7 per cent against its Japanese counterpart at 09:07 local time in New York, taking it to 89.73 yen.
When compared to the euro, the greenback had appreciated by 0.7, taking it from $1.5053 to $1.4943.
The rise was prompted by the release of US employment figures, which showed that employers in the country shed 11,000 positions in November.
"We're definitely seeing dollar support at this point," observed currency strategist at UBS AG Brian Kim.
The news source quoted him as saying that the unemployment numbers - which also revealed that the jobless rate in the country decreased to 10 per cent - were a "surprise".
In related Forex news, yesterday's announcement that Bank of America is to repay its bailout loans helped sterling rise against both the yen and dollar.
Posted by Clive Arneil
