Dollar ticks up

TOKYO: The dollar notched up modest gains Thursday after tumbling on weak US jobs data and a warning from Federal Reserve Chair Janet Yellen that stock markets were at risk of overheating.
In Tokyo afternoon trading, the greenback fetched 119.49 yen, slightly up from 119.44 yen in New York.
The euro was mixed at $1.1343 and 135.60 yen, compared with $1.1348 and 135.54 yen in US trade, as traders keep a close eye on tense Greek bailout talks.
Payroll firm ADP reported that the world´s top economy added just 169,000 private-sector jobs in April, the second month in a row under 200,000, as the oil sector downturn continued to pinch the labour market. The figures came ahead of Friday´s highly-anticipated Labor Department jobs report. A weak reading may further cloud the timing for a widely-expected Fed interest rate hike this year. “Some hopes that the jobs market remained healthy were dashed by the private employment report and that hit those with long dollar positions,” said Keisuke Hino, a foreign-exchange trader at Mizuho Bank in New York.
“At the same time, rising yields may boost appetite for the dollar for Japanese as they return from holidays,” he told Bloomberg News.