Tokyo - The dollar faced selling pressure in Asia on Tuesday as weak US jobs data and uncertainty over a military strike in Syria hung over greenback trading.
In morning Tokyo deals, the dollar fetched 99.57 yen from 99.69 yen in New York on Monday, while the euro was at $1.3261 from $1.3254.
The European single currency was slightly weaker against the Japanese unit at 132.04 yen from 132.10 yen in US trading.
Markets have been closely watching for signs of a timeline for the US Federal Reserve to start pulling back on its huge stimulus drive, known as quantitative easing.
But weak US jobs figures have thrown into question whether the central bank will start drawing down on its bond-buying scheme after a policy meeting last week.
“The USD has lost momentum in the wake of last Friday's US employment report and subsequent drop in US yields,” Credit Agricole said.
“The USD may be helped by a relatively firm US retail sales reading expected at the end of the week but tapering uncertainty will likely act to restrain any topside.”
Also on investors' radar screens are developments on Syria and an expected US congressional debate over a plan to lead military strikes on the country.
A military strike could spur a safe haven bid for the dollar, pushing up its value, dealers said.
Yen trading has been dominated by data on Monday showing Japan's economy grew more than expected in April-June and Tokyo's successful bid to host the 2020 Summer Olympics.
China also reported upbeat economic figures with a better-than-expected trade performance in August, as stronger exports to recovering overseas markets caused the trade surplus to widen to $28.5-billion.
The euro is treading water as markets look for fresh clues about the health of the 17-nation currency club.
“The eurozone economy remains weak and will contract this year, but there are already signs of improvement, with positive data surprises being revealed,” Credit Agricole said. - AFP