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Dollar-Yen Reclaims 158 as Blowout U.S. Jobs Data Meets Japan's 160 Intervention Line
The dollar-yen is back at the level that decides everything. USD/JPY rebounded to around 158.30 on Friday, November 6, snapping a two-day losing streak after October's U.S. jobs report crushed forecasts — 165,000 jobs added against roughly 65,000 expected. The pair had touched an intraday low of 157.26 before the data; by the New York close it was trading near 158.50, up about 0.5% on the...
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