USD/JPY is at the lows of the day following the non-farm payrolls report. The US dollar fell more broadly initially and stock futures rose but that’s since reversed and S&P 500 futures are down 0.2%.
There is some weakness under the surface with the household survey showing job losses and full-time jobs in the establishment survey falling by 1.2 million. That could be weighing on the dollar but I expect the market to quickly shift to trade as the dominant topic.
This article was written by Adam Button at www.forexlive.com.
