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May 8, 2026
USD/JPY edges lower as robust US payrolls clash with persistent Yen intervention threats
USD/JPY edges lower on Friday and trades around 156.65 at the time of writing, down 0.17% on the day, despite the release of a stronger-than-expected US employment report.
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May 8, 2026
United States Nonfarm Payrolls beat expectations: Why is the US Dollar weakening?
The United States (US) created 115K new jobs in April, much better than the 62K anticipated by markets. The unemployment rate in the same month was confirmed at 4.3%, as expected. The Nonfarm Payrolls (NFP) report came in better than anticipated, yet the US Dollar (USD) eased with the news.
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