Yen Gains On Weaker US Jobs Data

Softer US non-farm payrolls support Japanese Yen Weaker US non-farm payrolls and reduced Fed rate hike expectations have weighed on the Dollar, supporting the Japanese Yen. The USD/JPY fell sharply as markets priced a smaller cumulative hike by year-end. Sp

Softer US non-farm payrolls support Japanese Yen

Weaker US non-farm payrolls and reduced Fed rate hike expectations have weighed on the Dollar, supporting the Japanese Yen.

The USD/JPY fell sharply as markets priced a smaller cumulative hike by year-end.

Speculation about possible FX interventions also contributed to the decline.

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