Dollar A.S. / Yen Jepang
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USDJPY | Market outlook

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The dollar was little changed against the yen on Friday as investors digested a mixed U.S. jobs report. U.S. nonfarm payrolls rose by 227,000 jobs in November, following a revised increase of 36,000 in October. While the report showed stronger-than-expected job growth, the unemployment rate edged up to 4.2%. Analysts suggest the data supports the view that the U.S. is not heading into a recession, reinforcing expectations for the Federal Reserve's rate-cutting path. Markets are pricing in an 88% chance of a rate cut at the Fed's upcoming meeting.
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