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Dollar Steadies Ahead of Jobs Data as Yen Intervention Effects Fade

By Market Flux···1 min read

The dollar stabilized near 100.00 as markets awaited U.S. nonfarm payrolls data, with forecasts suggesting stronger-than-expected jobs numbers could lift the currency further. The yen weakened despite last week's U.S.-Japan intervention, with Goldman Sachs arguing the coordinated action paradoxically reinforces dollar dominance as the world's reserve currency. Sterling edged lower as traders focused on Middle East tensions and upcoming payroll data.

Gold rallied toward $4,300 while crude oil rebounded on persistent Strait of Hormuz risks. Currency markets showed mixed sentiment, with the yen losing support and attention shifting from intervention effects to monetary policy fundamentals.

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Sources

  1. WsjDollar Could Rise if U.S. Jobs Data Exceed Forecasts
  2. fxstreet.comUSD/JPY holds firm: Yen loses some support
  3. actionforex.comUSD/JPY Holds Firm: Yen Loses Some Support
  4. forex.comCrude Oil, USD/JPY Outlook: Dollar and Oil Rebound as Hormuz Risks Persist
  5. FXStreetNews#USD Index stabilizes near 100.00. US #stock index futures trade mixed. #Gold climbs toward $4,300. US Nonfarm Payrolls coming up. All you need to know to trade today
  6. ZSchneeweissUS selling euros for yen spurs geopolitical risk, BlackRock says via @annaedwardsnews @lizzzburden
  7. investinglive.cominvestingLive European markets wrap: Gold advances, dollar muted ahead of NFP
  8. BarronsYen’s Decline or Pressures on Treasuries Not Stopped by Record Currency Intervention
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  7. BusinessThe US decision to sell euros to support Japan’s currency without warning European policymakers is adding to geopolitical risks, according to BlackRock
  8. Yahoo FinanceDollar falls against yen after weak US jobs data
  9. fxempire.comEUR/USD, USD/CAD, and USD/JPY Short-Term Forecast for and 07/08/2026