FXStreet (Córdoba) – USD/JPY soared to fresh highs above 125.00 following the release of stronger-than-expected US nonfarm payrolls.
Nonfarm payrolls report showed the US economy added 280,000 jobs in May, following 221,000 in April and 225,000 expected by analysts. The unemployment rate ticked higher to 5.5% from 5.4% the previous month.
USD/JPY rose more than 80 pips in the blink of an eye and reached a peak of 125.62, last seen December 2002. At time of writing, the pair is trading at 125.40, recording a 0.94% gain on the day.
(Market News Provided by FXstreet)