The U.S. Dollar lost ground versus the Yen in early morning trading in Tokyo today in cautious trading just prior to the release of key jobs data which is expected to portray a more dismal snapshot of the U.S. jobs market than had been originally expected. The U.S. Dollar touched on a 1-month high versus the Yen yesterday, on U.S. shares which rallied in the hope that the Federal government’s bank rescue plan will include the deferral of an important accounting rule; the suspension of which will likely thaw investors’ risk aversion.

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