Dollar drops as weak US jobs data pushes out Fed hike expectations

U.S. unexpectedly lost 23,000 jobs in July and participation hit a multi-year low, a surprising sign of softness in the labor market.
The dollar slid against the yen and euro (yen around 157.6, euro ~$1.16) after recent Japan-U.S. moves, and Treasury yields dropped.
Markets pushed back Fed rate-hike bets (September less likely) and gold jumped, reflecting a more cautious view on the U.S. economy.