Jobs data sends dollar to 13-year high vs. yen

The dollar soared against most of its rivals Friday, hitting a 13-year high against the Japanese yen, after a strong U.S. jobs report indicated the economy bounced back strongly in May, sparking a surge in Treasury yields.

The ICE U.S. dollar index DXY, +0.80% a measure of the U.S. currency against a basket of six major rivals, rose 0.9% to 96.334. The WSJ Dollar Index BUXX, +0.83% a measure of the dollar against a wider basket, was up 0.84% at 87.52.

The euro EURUSD, -1.0857%  fell to $1.116 on Friday from $1.1238 late Thursday, while European stocks slumped for a fourth straight day.

Meanwhile, in the U.S., investors viewed the jobs figures as the potential catalyst that the data-dependent Federal Reserve needs to raise short-term interest rates long before central banks in the eurozone and Japan.

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