ForexLive European FX news wrap: The post-NFP vibes continue to play out
Headlines: Markets: GBP leads, JPY lags on the day European equities lower; S&P 500 futures down 0.6% US 10-year yields up 6.7 bps to 3.598% Gold up 0.5% to $1,873.82 WTI crude up 0.6% to $73.82 Bitcoin down 0.1% to $22,912 The day started off with a focus on Japan after the yen opened with […]
USD/JPY tumbles below 133.00 on broad US Dollar weakness, post-NFP data
December’s US Nonfarm Payrolls data weakened the US Dollar, even though the labor market remains tight. Average Hourly Earnings easing sparked speculations for a dovish move of the Federal Reserve in the February meeting. USD/JPY Price Analysis: Likely to remain downward biased below 133.00. The USD/JPY struggles at the 200-day Exponential Moving Average (EMA) around […]