Dollar Holds Above 100 Yen on Fed Speculation Before Jobs Report

The dollar held above 100 yen for a second day, after rallying from the lowest in almost a month, before U.S. employment data that may add to the case for the Federal Reserve to slow stimulus.

Kansas City Fed President Esther George yesterday urged a reduction in the central bank’s bond-buying program, known as quantitative easing, as growth quickens. San Francisco Fed President John Williams said a “modest adjustment downward” in purchases is possible “as early as this summer.” Australia’s dollar fell after the nation’s economy grew at the slowest pace in almost two years.