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The yen surged against the dollar after US jobs data, after earlier speculation in markets that authorities could intervene again on the currency.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
U.S. and Japanese officials have warned investors they're determined to keep defending the yen if needed.
US Treasuries rallied after data showed employers unexpectedly cut jobs in July, suggesting labor market challenges that could impact the Federal Reserve’s willingness to raise interest rates.
Jobless rate falls to 6.4%, the lowest in two years
The U.S. economy lost 23,000 jobs in July, and the unemployment rate dipped slightly to 4.1 percent, according to new data released Friday by the Bureau of Labor Statistics (BLS).
Nonfarm payrolls were projected to increase by 83,000 in July while the unemployment rate held steady at 4.2%, according to the Dow Jones consensus.
