ADP Employer Services said the U.S. economy lost 23,000 jobs in March, contrary to forecasts of analysts polled by Reuters, who expected the creation of 40,000 jobs.
The data slowed the advance of the dollar against the yen, falling for the sell to investors before the start of the new fiscal year in Japan. Earlier, the dollar touched a three-month high of 93.60 yen.
The jobs report "was a hit" and "will have a negative impact on the dollar-yen and also impact on the general appetite for risk today," said Boris Schlossberg, director of currency research at GFT Forex in New York.
However, "after the initial negative reaction, the markets could stay deeper judgments on U.S. employment situation until Friday," he added.
The Government broadcast on Friday its monthly report on nonfarm payrolls and economists expect that shows the creation of 190,000 new jobs this month, driven in part by workers hired for the census.
The dollar rose 0.1 percent to 92.95 yen while the euro advanced to $ 1.3490, up 0.6 percent on the day.
Traders said the euro was boosted by dollar sales last month, but added that fiscal concerns in the euro area meant that the currency bloc was still vulnerable to pressures of sales.
The pound rose 0.6 percent to $ 1.5163 and the dollar fell 0.8 percent to 1.0581 Swiss francs.
Yen is expected to remain under pressure and traders said Japanese banks, hedge funds and life insurance firms were large buyers of dollars after the greenback that exceeded the level of 93 yen.
The euro rose 0.8 percent to 125.54 yen, and technical analysts said the breakthrough points to 131 yen.
But they were threatening the fiscal problems of the euro zone, while the yield spread between Greek 10-year bonds and German benchmark widened on Wednesday.
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