EUR/JPY recovers from session low but remains down on Friday

EUR/JPY came under selling pressure on Friday, even as the euro advanced against the US dollar. The cross recovered modestly from its session low but still ended the day in the red.

The Japanese yen surged sharply at the start of the American session, driven by a surprisingly weak US employment report. The data raised concerns about the labour market outlook, prompting a swift flight into the safe-haven currency.

The move underscored the yen's sensitivity to US economic indicators, overshadowing the euro's otherwise positive performance against the greenback. The pair's intraday recovery was limited, and it remained below key levels into the close.