FOREX-US dollar extends gains vs euro, yen after better-than-expected data

NEW YORK, Jan 7 (Reuters) - The U.S. dollar advanced against the yen and euro on Tuesday after data showed a generally stable jobs market and a services sector that remained robust, suggesting that the Federal Reserve will likely slow the pace of its current rate-cutting cycle.

Data showed U.S. job openings in November grew to 8.098 million, exceeding forecasts for a 7.7 million rise, and higher than October's numbers of 7.839 million. U.S. services sector activity also accelerated in December, with the Institute for Supply Management's nonmanufacturing purchasing managers index (PMI) increasing to 54.1 last month from 52.1 in November amid strong demand.

The dollar extended gains against the yen to 158.36, up 0.5% JPY=EBS, following the data, while the euro slid 0.3% to $1.0361 EUR=EBS.

(Reporting by Gertrude Chavez-Dreyfuss; Editing by Chizu Nomiyama)

((gertrude.chavez@thomsonreuters.com; 646-301-4124))