At noon, the dollar fetched 90.18-22 yen versus 89.83-93 yen in New York and 90.45-46 yen in Tokyo at 5 p.m. Friday.

The euro traded at $1.4911-4915 and 134.49-51 yen against $1.4843- 4853 and 133.37-47 yen in New York and $1.4876-4878 and 134.56-60 yen in Tokyo late Friday.

Prospects for the budding U.S. economic recovery took a hit after the U.S. Labor Department said last Friday that the October jobless rate shot up to 10.2 percent, breaking the psychologically important 10 percent mark for the first time in more than 26 years, dealers said.

The dollar fell into the upper 89 yen range in early trading but trimmed some of its losses as investors bought the dollar at lows, they added.

The report highlighted that U.S. labor conditions remain severe, boosting the likelihood that a strong economic recovery will require more time, and that the U.S. Federal Reserve will not soon raise interest rates.

"Given that the pace of nonfarm job losses has slowed a bit, there seems to be less fear (than before) about the economy hitting another bottom," said Masashi Hashimoto, a senior analyst in the global markets sales and trading division at the Bank of Tokyo-Mitsubishi UFJ. "That said, I think the market is at a crossroads between (economic) optimism and pessimism."

With the disappointing data, "the Fed will likely maintain its low interest rates for some time to come, so the basic scenario is weakness of the dollar," he said, adding the dollar is likely to trade around the 90 yen line in the near term.

Over the weekend, financial leaders from the Group of 20 developed and emerging countries pledged to keep stimulus measures in place and said economic recovery is "uneven and remains dependent on policy support," and that "high unemployment is a major concern."

They said nothing about currencies in the statement issued after their two-day meeting through Saturday in Scotland.

Meanwhile, the euro rose against the dollar and yen, up from losses on the jobs data.