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USD/JPY reverses tack as it falls to fresh session lows
The US stock markets might have liked the US jobs report, but the dollar, which did initially, is now falling back. That has just seen the USD/JPY drop to a fresh session low a moment ago, at 144.17. That has allowed both the GBP/USD and EUR/USD to lift. The reason for the dollar disappointment is not exactly clear, but as the dust settles on that jobs report, was it really that much to shout about? The answer is no, it was not and that seems well understood by the US currency. The USD/JPY is right now at 144.18
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