* Dollar recovers from a 5-week low vs yen
* Dollar index above the lowest level since Dec. 8
* China trade data in focus in Asia
By Yuzuha Oka
TOKYO, Jan 13 The dollar steadied after hitting
a five-week low against the yen and the broader basket of
currencies on Friday, after U.S. President-elect Donald Trump's
news conference had disappointed some investors earlier in the
In Asia, Chinese trade data due later this morning could
provide a catalyst as markets focus their attention on its large
trade surplus with the United States in the wake of Trump's
protectionist rhetoric against China.
The trade surplus in the world's second-biggest economy is
forecast to have grown to $46.50 billion in December, versus
November's $44.61 billion,
The dollar last stood at 114.85 yen, up about 0.2
percent from late U.S. levels after having tumbled to a
five-week low of 113.75 yen on Thursday.
On the week, the dollar has lost 1.6 percent so far - its
fourth straight week in the red, which would mark it biggest
weekly fall since late July if the losses are sustained.
The dollar index, which measures the greenback against a
basket of six major peers, stood at 101.51 in early Friday trade
after having fallen to 100.72 on Thursday, marking the
lowest level since Dec. 8.
The index has slipped from a high of 102.950 touched on
Wednesday in anticipation that Trump's first news conference
since his Nov. 8 victory would give more detail on new fiscal
spending and tax measures to repatriate U.S. corporate capital
Instead, dollar bulls were disappointed as the event was
dominated by debate over Russian hacking and unsubstantiated
claims that he had been caught in a compromising position in
Still, some analysts think the dollar could regain momentum
as soon as more details of Trump's stimulus become clearer.
"It is unlikely that the yen strengthens further against the
dollar," Yukio Ishizuki, FX strategist at Daiwa Securities in
Tokyo. "The U.S. Treasuries yield is expected to rise
considering rising U.S. inflation expectations."
Last week's U.S. jobs data showed wages rose at the fastest
pace since June 2009, fuelling expectations that Trump's
expected fiscal spending and tax cuts could boost U.S.
The euro traded at $1.0611, having hit a two-week
high of $1.0684 on Thursday.
The dollar was last down 0.1 percent against the peso at
21.7665 pesos. The peso broke the 22 peso-per-dollar
mark for the first time on Wednesday after Trump said U.S. auto
companies would face a high tax for products made south of the
(Editing by Shri Navaratnam)