In early European trading, the euro stood at 1.3285 dollars from 1.3280 dollars in New York late on Thursday.

The dollar rose to 115.42 yen from 115.26 yen late on Thursday.

"The (US) report will be the driving force for foreign exchange markets today and a weak 'overall' report will be needed for the market to push the dollar lower across the board," BNP Paribas currency analysts said.

The US currency has recovered some ground since hitting four-month lows against the yen and a 20-month trough against the euro earlier this week on concerns about the extent of the US economic slowdown.

Most Wall Street economists expect nonfarm payrolls to have grown by 105,000 positions last month, compared with October payroll growth of 92,000.

The report comes just days before Federal Reserve policymakers convene to debate US interest rates.

Markets took in their stride news that the Japanese government had cut its estimate for gross domestic product (GDP) growth for the three months to September to 0.2 percent quarter-on-quarter from an initial 0.5 percent.

"Traders shrugged off the revised GDP growth figures as they are more focused on the US employment data," said Marito Ueda, a currency trader at FX Prime Corp.

"The downward revision was within expectations and there still remains a possibility that the Bank of Japan may decide on another interest rate hike this month," said Ueda.

Dealers were also digesting a 2.8 percent rise in Japan's private-sector core machinery orders in October from the previous month, which missed expectations of a 5.7 percent gain after September's 7.4 percent slump.