Yen finds support, dollar rebounds on upbeat NFP jobs report

Financial Mirror

Yen finds support, dollar rebounds on upbeat NFP jobs report

The dollar-yen currency pair traded around 160.00 on Friday, virtually unchanged on the day with USDJPY rebounding from its intraday lows following the release of the US employment report. The Bureau of Labor Statistics (BLS) reported that US nonfarm payrolls (NFP) increased by 172,000 in May, following an upwardly revised gain of 179,000 in April. The figure significantly exceeded market expectations of 85,000. Meanwhile, the Unemployment Rate remained steady at 4.3%, while annual wage growth slowed to 3.4% from 3.6% previously. The report also showed upward revisions to previous months’ data. Payroll gains in March and April were revised higher The post Yen finds support, dollar rebounds on upbeat NFP jobs report appeared first on Financial Mirror .

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