FOREX-Dollar, yen rise after disappointing US jobs data

* Dollar,yen up on risk aversion trade after payrolls data

* US Oct payrolls fall 190,000, jobless rate 10.2 pct

(Recasts throughout with U.S. non-farm payrolls report, changes dateline; previous LONDON)

By Wanfeng Zhou

NEW YORK, Nov 6 (Reuters) - The dollar and yen rose on Friday after a disappointing U.S. jobs report boosted safe-haven demand for the two currencies.

U.S. employers cut a deeper-than-expected 190,000 jobs in October, government data showed, driving the unemployment rate up to its highest in 26-1/2 years at 10.2 percent. For details, see [ID:nN04495174].

"The real shocker is the unemployment rate," said Joseph Trevisani, senior market analyst at FX Solutions in Saddle River, New Jersey. "Should be good for the dollar on risk aversion trade.

"The Fed will stay on hold even longer with less likelihood of giving a concrete answer to when and how to withdraw quantitative easing," he added.

The dollar fell to 90.07 yen after the jobs report, according to Reuters data, and last traded 0.6 percent lower at 90.18 yen .

The euro was down 0.3 percent on the day at $1.4835 , and was also down 0.9 percent against the yen at 133.79 yen .

"It's pretty disappointing overall and that's why we're seeing the euro and dollar/yen fall," said Richard Franulovich, senior currency strategist at Westpac in New York. (Additional reporting by Nick Olivari and Gertrude Chavez-Dreyfuss, Editing by Chizu Nomiyama)