NEW YORK Jan 30 The dollar briefly jumped against the yen in early trade on Wednesday after a better-than-expected reading on U.S. private-sector employment growth for January.
The dollar rose as high as 91.39 yen on Reuters data, compared with 91.25 yen before the release. It was last up 0.6 percent at 91.29 yen.
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Four state-run banks reported a spike in bad loans and provisions for sour debt on Tuesday after a clean-up exercise ordered by their regulator, sending three of them to net losses for the fiscal third quarter. Full Article