The USD/JPY advances as the optimist NFP drives the US dollar

• The USD/JPY jumps almost 1% after the robust data of US non -agricultural payrolls that exceed expectations.
• The US economy added 147,000 jobs in June, while the unemployment rate unexpectedly fell to 4.1%.
• Takata del Boj points out that the break in the increase in rates is temporary, he says that Japan is close to the inflation target of 2%.

The Japanese Yen (JPY) weakens against the US dollar (USD) on Thursday, since the US non -agricultural payroll data (NFP) strongest than expected rise to the dollar and reinforce the divergence of policies between the Federal Reserve (FED) and the Bank of Japan (BOJ).

The USD/JPY shot abruptly during the first American session after the publication of the solid report of non -agricultural payrolls of the United States, which revived the demand for the US dollar. The pair is currently being negotiated around 145.00, climbing almost 1% in the day, after having fluctuated in a narrow range during most Asian and European sessions.

The latest Non -Agricultural Payroll (NFP) report of the US surprised up, with an increase of 147,000 jobs in June, exceeding 110,000 expectations and slightly above the expectations of 144,000 jobs added in May. The unemployment rate fell to 4.1% in June 2025 from 4.2% in May, challenging market expectations of an increase to 4.3%.

Initial unemployment subsidy applications were also better than expected, falling into 4,000 to 233,000 in the week ending on June 28. However, the average earnings per hour were weaker than anticipated, pointing out relief in salary pressures despite solid employment numbers.

The stronger employment figures reinforced the economic resilience narrative in the US, leading markets to reduce the expectations of a short -term Fed rates. The treasure yields rose in response, promoting the US dollar and generating a new increase in the USD/JPy as the operators reassess the path of the US monetary policy.

Meanwhile, the comments of the Bank of the Bank of Japan (BOJ), Hajime Takata, offered a cautiously tone of a hard line, but failed to change the feeling in the short term in favor of the YEN. Speaking on Thursday, he emphasized the need to resume increases in interest rates after a temporary pause, stating that the Central Bank is currently in a “wait and see” phase to assess the broader impact of US commercial measures on Japan’s economy. “My opinion is that the BOJ is currently only leaving its interest rate increase cycle,” he said, suggesting that ultra-flexible position should eventually be eliminated.

Takata said that Japan is “close to achieving” the inflation objective of 2% of the BOJ, helped by solid corporate results, a adjusted labor market and a solid salary growth. Although he acknowledged that high uncertainties remain – participate in relation to the US trade policy and the wide tariffs announced by President Trump on April 1 – he argued that the Central Bank should resume rates increases after a brief period of “waiting and seeing” to evaluate the broader economic impact.

Looking ahead, attention focuses on the report of the Purchasing Managers Index (PMI) of Services of the Supply Management Institute (ISM), scheduled for publication later on Thursday. Markets anticipate a slight improvement in the activity of the services sector, with forecasts that indicate a reading of around 50.5. A stronger than expected figure could reinforce confidence in US economic perspectives and further support the US dollar, especially after optimistic non -agricultural payroll data. On the other hand, a weaker reading could generate concerns about the slowdown in the impulse in the services sector and could trigger a slight setback in the USD/JPY.