Market AnalysisIMPORTANTSeptember 4 at 08:56 AM

[MARKET UPDATE] Despite strong US Jobs report, JPY sees strength against all peers; USD/JPY pares initial kneejerk higher and returns to yesterday's 155.22 low

StockNow breaking-news AI analysis

Despite a strong US payrolls report, the Japanese Yen strengthened against all peers, driving USD/JPY back to 155.22 while cross pairs EUR/JPY and GBP/JPY hit multi-day lows.

News detail

EUR/JPY also hit, falling to a 180.23 base, surpassing Thursday's low. GBP/JPY falls beneath 210.00 to a 209.76 trough. USD appears to maintain gains against other G10 peers.

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Today's market highlights

A selection of stories drawing attention in the market.

U.S. Economy

US Non Farm Payrolls (Aug) 162K vs. Exp. 56K (Prev. 21K); 2-month net revision +55k; Birth-Death 154K

Fed

US President Trump posts "Great jobs number just announced, breaking all estimates"; renewed calls for sharply lower interest rates and threatened to halt trade with countries running surpluses against the US if rates remain high

Geopolitics

"Oman and Qatar are intensifying efforts to resume Iran-US talks", Nour News reports citing diplomatic sources; "the Strait of Hormuz, sanctions, and the nuclear file are the focus of new disputes"