Dollar Rises on Iran Deal Hopes, Jobs Report Looms

The US dollar rose against the Japanese yen on Thursday, helped by safe-haven positioning from investors awaiting details on a proposed deal to end the Iran conflict and ahead of Friday's monthly US jobs report.

The dollar has clawed back some recent intervention-driven losses that had pushed it to a 13-week low against the yen following joint action by Japanese and US Treasury authorities to prop up the Japanese currency.

The dollar was last up 0.44% against the yen at 158.45, for its third straight session of gains after falling to 155.20 on Monday, lowest since early May.

'The idea that maybe there's some good news on a ceasefire or a deal in the Persian Gulf has taken some of the dollar premium off with lower oil prices and so forth,' said John Velis, FX and macro strategist at BNY.