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USD/JPY slumps to 2-week lows after nonfarm payrolls miss

FXStreet (Córdoba) - USD/JPY plummeted to fresh 2-week lows following the release of disappointing US nonfarm payrolls data.

US economy added just 142,000 new jobs in September, well below consensus of 203,000, while August and July gains were downwardly revised by a combined 59,000. The unemployment rate stood at 5.1% as expected.

USD/JPY lost more than 130 pips in a matter of minutes, falling from a peak of 120.39 toward the 119.00 area before finding support. At time of writing, the pair is trading at 119.20, recording a 0.6% loss on the day.

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