TOKYO, Jul. 5, 2009 (Kyodo News International) -- The U.S. dollar fell to the lower 95 yen level Monday morning in Tokyo as the prospects of a global economic recovery continued to retreat.

At noon, the dollar fetched 95.43-48 yen, down from 96.03-13 yen in New York and 95.92-94 yen in Tokyo at 5 p.m. Friday.

The euro traded at $1.3965-3970 and 133.35-40 yen against $1.3975-3985 and 134.15-25 yen in New York and $1.4009-4010 and 134.38-42 yen in Tokyo late Friday.

The dollar fell in the morning as Thursday's bleaker-than-expected U.S. employment data continued to dampen recent expectations for an uptick in the U.S. and global economies, dealers said.

''The U.S. jobs data was bleak, and that continued to weigh on the dollar,'' said one foreign exchange broker.

Other than that, the market lacked fresh new trading cues in the morning but analysts said the market is not in an optimistic mood.

Masafumi Yamamoto, head of foreign exchange strategy at the Royal Bank of Scotland in Japan, said the recent optimistic view about the global economy has been correcting itself since the release of the U.S. jobs data.

''The jobs data showed the real economy is not improving as much (as the market had anticipated),'' he said. ''With shares falling (in Asia) and expectations for a hike in U.S. interest rates retreating, the yen is gaining strength.''

In an apparent sign that optimism is souring, Asian shares were on a weak note Monday morning, with Japan's key Nikkei index ending the morning down more than 1.5 percent. That undermined the risk-sensitive euro against the yen, dealers said.

Market participants are awaiting June U.S. non-manufacturing data from the Institute for Supply Management due out later Monday.