USD/JPY Slides to 157.40 After Weak US Jobs Data
USD/JPY dropped 0.65% on Friday, trading near 157.40, as weaker-than-expected US employment figures triggered heavy selling in the dollar.
The yen strengthened sharply against the greenback on Friday as a disappointing US jobs report cast doubt on the Federal Reserve's rate-hike path. USD/JPY fell toward the 157.40 level, marking a 0.65% decline on the day.
The moves came after data showed US employment growth significantly missed forecasts, prompting a broad sell-off in the dollar. Market participants reassessed the likelihood of further tightening by the Fed, driving flows into the yen.
No other key levels or details were provided beyond the intraday move. The currency pair remains sensitive to incoming economic data.
Source: FXStreet Forex News