TOKYO, Nov. 5 (Kyodo) - The U.S. dollar firmed up slightly against the yen Monday morning in Tokyo after the market drained of dollar-selling factors for the time being. At midday, the dollar was quoted at 121.80-82 yen compared with 121.60-70 yen 5 p.m. Friday in New York and 121.50-52 yen late Friday in Tokyo. The dollar moved between 121.61 yen and 121.88 yen during the morning. Dealers said last week's dollar-selling factors faded from the market, including the worsened U.S. unemployment rate for October released last Friday. The October U.S. jobless rate climbed to 5.4% for the highest in nearly five years, triggered a sell-off of the U.S. currency to 121.40 yen at one point in New York trading Friday. But it later trimmed its lost ground, supported by firm U.S. stocks. "The dollar was on a buying trend led by foreign players this morning," said Yuiitsu Nagata, dealer at Toyo Trust & Banking Co. Euro buying against the yen in early deals also helped to shore up the dollar against the yen, he added. Dealers said the market is now waiting for the outcome of the U.S. Federal Reserve's policy-setting Federal Open Market Committee (FOMC) meeting Tuesday. They said the market has already factored out a 0.25 percentage point cut in the federal funds target rate. If the FOMC surprises the market by a 0.50-point reduction, it will spur a rise of the dollar, together with the recent steady moves of U.S. stocks, they said. Toyo Trust's Nagata said, however, dollar-yen trading will see few drastic moves during Tokyo trading. Players will remain cautious before the FOMC's decision, he said.