By Kevin Buckland

TOKYO (Reuters) – The dollar nursed its sharpest drop in a month and a half on Wednesday, as investors bet that softer-than-expected U.S. jobs data reduced the chances of further Federal Reserve rate hikes.

The Japanese yen hovered around 146 per dollar following its overnight rebound from a 10-month trough at 147.375, as a drop in Treasury yields took away support for the U.S.

Dollar licks wounds after jobs shock; Aussie dips as inflation cools comes via ChinaTechNews.com.