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fxJun 5, 2026, 6:36 AM

MUFG Sees Balanced Risks in Upcoming US NFP Data

MUFG analyst Lloyd Chan expects Friday's nonfarm payrolls report to show a modest slowdown, noting that the consensus estimate of 88k already factors in softer hiring after April's 115k gain.

MUFG's Lloyd Chan has assessed the risks surrounding the upcoming US nonfarm payrolls (NFP) release as balanced. Following April's addition of 115k jobs, Chan anticipates a moderate deceleration in May. He points out that the current consensus forecast of 88k already reflects a soft labor market picture, suggesting that the market has priced in a potential slowdown. The report is due Friday and will be closely watched for signals on the Federal Reserve's policy trajectory.

Source: FXStreet Forex News