Yen briefly rises to 151 in N.Y. after weak U.S. labor data

The yen appreciated against the U.S. dollar in New York on Friday, briefly reaching a three-week high in the upper 151 range after the latest labor data suggested a weaker-than-expected situation in nonfarm payrolls.The yen's high for the day was 151.86 per dollar, a level that has not been seen since April 10, and it was quoted at 152.90-153.00 at 5 p.m. in New York, compared with 153.61-71 late Thursday. Tokyo markets were closed Friday for a national holiday.The U.S. Labor Department said the country added 175,000 jobs in April, far below the market projection of 243,000. Analysts and in…READ FULL ARTICLE