The pair declines 0.17% despite stronger-than-expected US payrolls, as yen intervention risks weigh on sentiment.
USD/JPY fell 0.17% to 156.65 on Friday, reversing earlier gains as robust US employment data clashed with persistent threats of Japanese yen intervention. The pair remains under pressure despite the positive economic print.
US nonfarm payrolls exceeded expectations, reinforcing expectations of a resilient labor market. However, concerns over potential yen-buying intervention by Japanese authorities capped further upside for the dollar.
Traders are monitoring developments closely, with the yen’s recent volatility keeping markets cautious amid mixed signals from economic data and policy risks.