The dollar dropped to a three-week low against the yen on Thursday as investors pared back bullish bets on the greenback after minutes of the Federal Reserve's latest meeting on Wednesday prompted investors to push out expectations for the timing of an interest rate rise.
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The dollar climbed to a more than four-year peak on Friday after a report showing the U.S. economy created more jobs than expected last month, which suggested that the U.S. recovery was on a stable path.
When the Federal Reserve first started talking about cutting its massive stimulus earlier this year, emerging-market currencies went into a tailspin. This time round, investors don't see that happening.
