FOREX-Yen jumps; Aussie gets a boost from strong jobs data [Yahoo! Finance]
OVERSEAS CHINSE UNSP/ADR (OVCHY)
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Source: Yahoo! Finance
broadly weaker dollar, but also drew support from expectations of further rate hikes from the Bank of Japan later this year and some jawboning efforts from Japanese government officials. Down Under, the Australian dollar jumped after data on Thursday showed employment rebounded sharply in February and the jobless rate dived far below forecasts, pointing to a still-tight labour market. The yen gained more than 0.5% to 150.46 per dollar, reversing some of its heavy losses in the wake of the BOJ's policy pivot. Analysts said factors supporting the yen's rise included growing bets of another BOJ rate hike in July or October, as well as a rebound in business confidence in the Japanese economy. Earlier on Thursday, the country's finance minister Shunichi Suzuki also said the government was watching currency market moves with "a high sense of urgency", following the yen's decline to a four-month trough of 151.82 in the previous session and toward a multi-decade low. "I think there'
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