USD/JPY slid again as the dollar stayed under pressure across the board following Thursday’s weak US jobs report. The pair dropped around 50 pips during the Asia-to-Europe handover, with 160.00 now looming as the next key level.
The yen firmed again in the handover from Asia to Europe, sending USD/JPY down around 50 pips in a move that echoed the timing of the prior day’s drop. The dollar stayed soft against most major currencies after weakening in the wake of the US non-farm payrolls print.
That report undershot expectations, with US June non-farm payrolls coming in at +57K against +110K expected. The dollar softened across the board after the print.
USD/JPY had recovered to around 161.50 overnight before sliding to the 160.80-20 area on the poorer job figures. As European trading opened, the pair fell once more while the dollar continued to struggle.
Little now stands between the pair and a flush back toward 160.00, which investingLive flags as a critical level to test whether dip buyers step in again. For now, it would seem, the pullback gives Tokyo officials some room to breathe ahead of the weekend.
Elsewhere, EUR/USD rose 0.2% to 1.1459 and AUD/USD gained 0.4% to 0.6948, both reaching at least one-week highs. GBP/USD added 0.2% to 1.3375, holding near fresh two-week highs from overnight.
Source: investingLive
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