By Gertrude Chavez-Dreyfuss

NEW YORK (Reuters) - The dollar slid against the yen and some currencies on Friday in choppy trading on the view that the much stronger-than-expected U.S. employment payrolls report will not persuade the Federal Reserve just yet to raise interest rates again this year.

The greenback did rise after the U.S. jobs data, reversing losses against the yen and climbing to two-week highs against the euro and a five-week peak versus the Swiss franc. But gains against the yen evaporated and the dollar traded mostly lower on the day.

The dollar, however, remained higher against the euro and Swiss franc, but fell versus the Australian, Canadian, and New Zealand currencies.

Data showed that non-farm payrolls increased by 287,000 jobs last month, the largest gain since last October. May's payroll count was revised down to only 11,000 from the previously reported 38,000.

"It will likely require continued evidence of positive economic data in the months to come, including solid NFP (non-farm payroll) numbers, in order to convince the Fed that a rate hike would be appropriate," said James Chen, currency strategist, at in New Jersey.

Fed funds futures, based on the CME Group's FedWatch, have not priced in a rate increase this year and for much of 2017. The futures data has priced in just a 28.2 percent chance that the Fed will increase rates at the June 2017 meeting.

In late trading, the dollar fell 0.4 percent against the yen to 100.46 yen <JPY=>, not far from the post-Brexit low of 99 yen.

"The psychological 100.00 yen mark has long been seen by traders as the key 'line-in-the-sand' in terms of the potential risk of Japanese intervention," said's Chen.

The euro, meanwhile, was slightly lower at $1.1050 <EUR=>. It earlier fell to $1.1003, a two-week low, after the jobs data.

The dollar gained 0.4 percent against the Swiss franc to 0.9826 franc <CHF=>. The greenback earlier rose to a five-week high of 0.9867 franc following the jobs data.

Sterling rose 0.3 percent against the dollar to $1.2951 <GBP=>, surprisingly resilient after an upbeat U.S. jobs number.

There should be significant downside risk for sterling next week, however, with the Bank of England's monetary policy announcement.

Kathy Lien, managing director of FX strategy at BK Asset Management in New York said BoE Governor Mark Carney could use the meeting next week to prepare for further easing.

"So even though sterling/dollar appears to be forming a base, this is far from a bottom," she added.

(Reporting by Gertrude Chavez-Dreyfuss; Editing by Bill Trott and Diane Craft)