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USD/JPY weakens despite strong US NFP as intervention risks cap gains
Summary by The New York Ledger
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USD/JPY weakens despite strong US NFP as intervention risks cap gains
USD/JPY trades with a mild downside bias on Friday as lingering intervention fears support the Japanese Yen (JPY), even as the US Dollar (USD) remains firm against its major peers following the upside surprise in US Nonfarm Payrolls (NFP) data. Thin liquidity conditions due to the Good Friday holiday are also contributing to muted and choppy price action. At the time of writing, USD/JPY is trading around 159.57, easing modestly after a brief spi…
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