ForexLive European FX news wrap: Post-NFP vibes continue to play out

Securities:

Markets:

• GBP leads, JPY lags the day
• European equities down; S&P 500 futures down 0.6%
• US 10-year rates up 6.7 basis points to 3.598%
• Gold up 0.5% at $1,873.82
• WTI crude up 0.6% at $73.82
• Bitcoin down 0.1% to $22,912

The day started with a focus on Japan after the yen opened with a weaker spread amid a report that BOJ Deputy Governor Amamiya has been slated to succeed Kuroda as governor. of the central bank. Typically, Japanese officials denied this and yen losses were reduced slightly but not by much.

But as we entered European trading, the focus remained on Friday’s mood as the strong US jobs report continues to ripple through markets. Risk remained on the defensive with stocks and bonds sold during the session.

As such, the Dollar rose slightly with EUR/USD remaining below 1.0800 around the 1.0760-70 levels and GBP/USD also losing ground to 1.2025 before rising to 1.2070 now. Commodity currencies remain weak amid lower risk with AUD/USD down 0.1% to 0.6910 and NZD/USD down 0.2% to 0.6320 currently.

USD/JPY opened with a gap above 132.50 in early Asia before falling to 131.50 and is now trading at 131.95, still up 0.6% on the day.

Now it’s Wall Street’s turn to digest the mood to start the new week and we’ll see if the dip-buying streak continues.