Day: June 7, 2024

USD/JPY Surges on Robust US Nonfarm Payrolls Report

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The USD/JPY pair jumped over half a percent following the release of the May Nonfarm Payrolls (NFP) report, which exceeded expectations with 272K jobs added. This strong data, along with higher-than-expected average hourly earnings, has bolstered the US Dollar (USD) and significantly reduced expectations of a Federal Reserve (Fed) rate cut in September. Strong US […]

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