Dollar gains as US jobs data pushes Yen past 160
The US dollar rose on Friday after nonfarm payrolls increased by 172,000 in May, significantly exceeding economist forecasts. This strength pushed the Japanese yen past the 160 per dollar mark, prompting warnings of potential intervention from Japanese officials as regional tensions support safe-haven demand.
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The United States added 172,000 jobs in May, fueling a more than 1% weekly gain for the dollar. Nonfarm payrolls doubled the 85,000 forecast, pushing USD/JPY through the 160 level. Robust labor data and Middle East tensions reinforce the dollar's role as a primary safe-haven asset.
