USD/JPY tumbles to a fresh weekly low (151.87) following a weaker-than-expected US Non-Farm Payrolls (NFP) report, but the exchange rate may continue to hold above the April low (150.81) should it track the positive slope in the 50-Day SMA (151.91). US Dollar Forecast: USD/JPY Tests 50-Day SMA Following Soft NFP Report USD/JPY extends the decline following the Federal Reserve interest rate decision as the US NFP report shows a 175K rise in April versus forecasts for a 243K print, and it remains to be seen if Japanese authorities will continue to intervene in foreign exchange markets as the exchange rate marks the ... (full story)
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2024-05-05 10:00:00Z
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