The dollar surged more than 1 percent against the yen on Friday after surprisingly strong U.S. April jobs data fueled optimism the U.S. economy may be more resilient than some had feared.
U.S. employment rose more than expected in April, with nonfarm payrolls rising 165,000, while job increases for the previous months were revised higher. The unemployment rate fell to a four-year low of 7.5 percent.
(Read More: Back in Business: Jobs Picture Brightens in April)
The dollar had come under pressure lately after disappointing economic data stoked concern about the recovery and investors pared back expectations the Federal Reserve may taper its bond purchases anytime soon.
"The spring slowdown may not be as pronounced as feared," said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange in Washington.