Soft US employment figures spark doubts over Federal Reserve rate hikes, lifting the Japanese Yen against the USD.
The Japanese Yen strengthened against the US Dollar on Friday, with USD/JPY falling 0.65% to 157.40 as weak US jobs data fueled selling pressure on the greenback. The move follows a disappointing employment report that fell short of market expectations.
Prior to the release, USD/JPY had traded near 158.00, with investors pricing in a more hawkish Fed stance. The shift in sentiment highlights growing concerns over US economic momentum and its impact on monetary policy.
Markets are now reassessing the likelihood of further Fed rate hikes, with the Yen benefiting from the Dollar’s retreat.