tokyo april 6 reuters  the dollar gained slightly on thursday but hasnt strayed too far from a recent twomonth low as traders weighed how pivotal us jobs data coming out during a holiday weekend will impact federal reserve policy the closely watched us nonfarm payrolls report on friday will follow disappointing services sector data from the institute for supply management ism and private employment figures on wednesday as well as a slump in us march manufacturing activity at the start of the week the slew of soft economic data has added to fears of an impending recession in the worlds largest economy putting a lid on risk appetite and sending traders in search of some safe haven assets the us dollar index was up 01 at 10195 having slid to a twomonth trough of 10140 in the previous session the japanese yen also found some support from safe haven bids and was last roughly 02 higher at 13101 per dollar meanwhile the risksensitive australian and new zealand dollars slid 029 and 027 respectively weak economic data continues to weigh in on investor sentiment triggering a flighttosafety bid analysts at westpac said in a note to clients the soft data sent us shares lower on wednesday stx while treasuries advanced which saw the benchmark 10year yield falling to its lowest since september  yields fall when bond prices rise the 10year treasury yield was last at 33126 while the twoyear yield  which typically moves in step with interest rate expectations stood at 37922 the key to fx is going to be that interplay between what the what the us economy numbers dish up as far as interest rates and sentiment about fed policy said ray attrill head of fx strategy at national australia bank the dour economic signs have strengthened the view that the fed will reverse course on rate increases with traders hoping for more insight when federal reserve bank of st louis president james bullard speaks later on thursday cleveland fed president loretta mester a known hawk said in an interview with bloomberg tv on wednesday that it was too early to know if the fed would need to raise its benchmark rate at its next policy meeting in early may us rate futures markets are currently pricing in a 55 chance of the fed leaving rates unchanged at its next meeting up from a 43 chance a day earlier rate cuts are also being priced in as early as july and through to the end of the year in other currency action sterling declined 01 to 12450 while the euro slipped 02 to 10886 reporting by rocky swift and rae wee editing by edwina gibbs