Forex

Investing.com-- The Japanese yen firmed on Friday, with the USDJPY pair hitting a three-week low after  sharp declines through this week that traders largely attributed to government intervention. 

The USDJPY pair, which gauges the amount of yen required to buy one dollar, was trading down 0.2% at 153.34 yen. It had fallen as low as 152.9 on Thursday, reaching its weakest level since mid-April.

The USDJPY pair fell sharply through this week amid increasing evidence... (continue reading...)

Investing.com-- Most Asian currencies rose slightly on Friday, capitalizing on a drop in the dollar as markets hunkered down before key U.S. payrolls data that is likely to factor into interest rates. 

The dollar was also pressured by a rebound in the Japanese yen, which pulled further away from 34-year lows amid what appeared to be government intervention in currency markets. 

Weakness in the dollar offered some breathing room to regional currencies, although they... (continue reading...)

Investing.com - The U.S. dollar drifted marginally lower Friday, with activity muted ahead of the widely-watched monthly U.S. jobs report, and the Japanese yen set for its next week in more than a year.

At 04:25 ET (08:25 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower to 105.110, on course for its worst week in almost two months. 

The dollar has been on the back foot... (continue reading...)

By Karen Brettell

NEW YORK (Reuters) - The dollar fell to a three-week low against the yen on Friday after data showed that U.S. jobs growth slowed more than expected in April and annual wage gains cooled, boosting bets that the Federal Reserve will cut rates twice this year.

Employers added 175,000 jobs last month, below economists' expectations for a 243,000 increase. Wages increased 3.9% in the 12 months through April, below... (continue reading...)

Investing.com - The U.S. dollar retreated from near six-month highs after Fed Chair Jerome Powell confirmed the central bank's easing bias, raising the likelihood of a more aggressive dollar selloff ahead. However, Barclays still sees the potential for more dollar upside.

“Parts of the market worry that - like in late 2023 - the bar is too high for further dollar strength. We argue this time things are quite different,” analysts at Barclays said, in a note dated May... (continue reading...)