HONG KONG  - Tokyo shares ended lower Monday while the yen climbed against the dollar following a worse than expected US jobs report seen as making an early US rate rise more unlikely.

Oil prices rose on expectations that any new exports from Iran would not likely come on the market for some time, despite the initial nuclear agreement.

With several major markets shut for public holidays and Wall Street closed Friday, trading was thin with few catalysts to spur business. Tokyo fell 0.19 percent, or 37.10 points, to 19,397.98 and Seoul was flat, edging up 1.01 points to close at 2,046.43. Shanghai, Hong Kong, Bangkok, Taipei, Sydney and Wellington were closed.

The US Labor Department's monthly non-farm payrolls report on Friday showed just 126,000 new jobs were created in March, half of what was expected and the weakest growth since December 2013. The figures hinted at a possible slowdown in the world's top economy and will make it highly unlikely the Federal Reserve will raise interest rates earlier than September.

Analysts put the weak figures down to the impact of a strong dollar, cold weather and falling oil prices. The news weighed on the dollar, which has been rallying in recent weeks on expectations the Fed would increase rates by the summer.

The dollar fell to 119.03 yen Monday from 119.62 yen in Tokyo on Friday, while the euro climbed to $1.0971 from $1.0879. The single currency was at 130.57 yen from 130.16 yen.

A pick-up in the yen pushed shares in Japanese exporters down as it makes their goods more expensive abroad.

"We should see a correction in Japanese stocks as the stronger yen pushes down exporters," Shoji Hirakawa, chief equity strategist at Okasan Securities Co. in Tokyo, told Bloomberg News.

"The US economy has hit a soft patch due to the stronger dollar and weaker oil. First-quarter earnings and gross domestic product probably won't be good."

Oil prices rose because Tehran's nuclear deal with the West has still to be finalised, meaning sanctions will stay in place for now. US benchmark West Texas Intermediate was up $1.21 cents at $50.35 while Brent added $1.17 to $56.12. Oil was also supported by news that major producer Saudi Arabia raised prices for all May sales to Asia, saying demand was improving.

However, Sanjeev Gupta, who heads the Asia-Pacific Oil and Gas practice at professional services firm EY, said prices are likely to resume their downtrend as traders digest the impact of the agreement between Iran and the US-led western powers. "We anticipate stronger negative reactions to the benchmark prices this week," Gupta said.

Gold fetched $1,219.54 against $1,200.50 late Friday.

In other markets:

-- Manila closed 0.76 percent, or 60.65 points, higher at 8,053.74.

Ayala Corp. was up 0.13 percent at 800 pesos, Metrobank gained 0.81 percent to 99.80 pesos and Universal Robina added 1.77 percent to 230 pesos.

-- Mumbai rose 0.86 percent, or 244.32 points, to end at 28,504.46 points.

Sun Pharmaceuticals Industries rose 8.34 percent to 1,168.50 rupees, while Tata Steel fell 1.84 percent to 318.05 rupees.

-- Jakarta ended up 0.43 percent, or 23.63 points, at 5,480.03.

Automotive company Astra International gained 1.55 percent to 8,200 rupiah while construction firm PT Pembangunan Perumahan slipped 1.48 percent to 3,650 rupiah.

--Kuala Lumpur gained 8.42 points, or 0.46 percent, to close at 1,842.94.

Telekom Malaysia added 2.13 percent to 7.67 ringgit and Tenaga Nasional rose 0.14 percent to 14.32, while AMMB Holdings dipped 0.16 percent to 6.40 ringgit.

-- Singapore fell 0.02 percent, or 0.84 points, to 3,452.91.

United Overseas Bank rose 0.61 percent to Sg$23.22 while Singapore Telecom gained 0.68 percent to Sg$4.42.

Meanwhile, the poor US labor market report for March is probably only part of a temporary downturn in the economy, a senior Federal Reserve official said Monday. Friday's report showing only about half the number of jobs expected, as well as other weaker data, have been a surprise, said William Dudley, the president of the New York branch of the Federal Reserve. The data confirmed that economic growth in the first quarter was "quite weak," he said in a speech in Newark, New Jersey, with gross domestic product expanding at an annual pace of just 1 percent.

However, he said, "I view these downside surprises as reflecting temporary factors to a significant degree."

It was the first comment from a Fed official since the disappointing March jobs report was released Friday, with analysts expecting the poor data could convince the Fed to postpone an interest rate hike that had been expected as early as June.

Dudley blamed in part the particularly harsh winter which analysis suggested had real negative impact on economic indicators from retail sales to housing construction.

The Labor Department reported that the economy generated only 126,000 net new jobs in March, compared to an average of 287,000 each month for the preceding 12 months.

Dudley stressed that, after having kept the benchmark federal funds rate at zero since the end of 2008 to help rebuild the recession-shocked economy, the Fed needed to be sure that the economy was strong enough to handle "normalizing" monetary policy with the first rate hikes this year.

"The timing of normalization will be data dependent and remains uncertain because the future evolution of the economy cannot be fully anticipated," he said, according to the text of his speech.

"It will be important to monitor developments to determine whether the softness in the March labor market report evident on Friday foreshadows a more substantial slowing in the labor market than I currently anticipate."

Meanwhile, the US economy's service sector slowed slightly in March, holding to its modest pace of growth through the first quarter, the Institute for Supply Management reported Wednesday.

The ISM purchasing managers index fell to 56.5 from 56.9 in February, with anything above 50 representing expansion.

Business activity generally slowed in the month, company officials told the ISM survey, but new orders, prices and export orders were all faster.

The pace overall for the services sector, which represents by far the largest part of the US economy, was slightly below the index average for the past 12 months of 57.1.

The ISM said 14 of 18 industries in the survey reported continued growth in March. The four categories reporting downturns were mining, educational services, utilities, and other miscellaneous services.

A survey respondent from the retail trade reported "Business slightly increasing year-over-year, but about the same as last month."