USD/JPY struggles at 116.00 after mixed US NFP report amid higher US T-bond yields By christianborjon USDJPY UnitedStates NFP Employment Majors
is downbeat, as witnessed by US equity indices trading in the red, after the US employment report showed that the labor market is tight, with unemployment falling but wages rising.Before Wall Street opened, the US Bureau of Labor Statistics reported that Nonfarm Payrolls rose by 199K, lower than the 400K median foreseen by economists. In the meantime, the Unemployment Rate fell to a 22-month low of 3.9% from 4.1% in the previous report.
“January will paint a weaker picture, and the remaining months are in the hands of the latest COVID wave,” per analyst cited by Reuters.
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