The Pound Sterling falls below the 1.3400 figure, registering losses of 0.37% after the latest Nonfarm Payrolls report in the US crushed estimates, potentially confirming that the economy is at full employment.

EUR/USD weakens on Friday as the US Dollar (USD) rallies following a stronger-than-expected US Nonfarm Payrolls (NFP) report. At the time of writing, the pair trades around 1.1559, slipping to two-month lows.

AUD/USD trades around 0.7105 at the time of writing on Friday, down 0.39% on the day, as the US Dollar (USD) gains support following a stronger-than-expected US employment report.

USD/JPY trades around 160.00 on Friday at the time of writing, virtually unchanged on the day after rebounding from its intraday lows following the release of the US employment report.

The Euro (EUR) slips against the British Pound (GBP) on Friday after a downward revision to Eurozone growth figures cast fresh doubt over the region's economic outlook. EUR/GBP trades around 0.8642 at the time of writing, pulling back after two days of gains.

BNY’s Bob Savage highlights that Japan’s government aims to strengthen the Japanese Yen by boosting long‑term competitiveness, while USD/JPY trades near 160. Authorities, including the Finance Ministry and BOJ, signal readiness to intervene and potentially raise rates if inflation risks rise.

The Canadian Dollar (CAD) pares some losses against the US Dollar (USD) on Friday, with the USD/CAD pair trading at 1.3880 at the time of writing after hitting a two-month high of 1.3925 on Thursday.

NZD/USD trades around 0.5880 at the time of writing on Friday, up 0.20% on the day. The New Zealand Dollar (NZD) continues to strengthen as markets aggressively reprice the New Zealand interest rate outlook following recent comments from the central bank.

Brown Brothers Harriman’s (BBH) Elias Haddad reports the Reserve Bank of India (RBI) kept its policy rate at 5.25% with a neutral stance, in line with most expectations. Indian Rupee (INR) outperformed after authorities unveiled measures to attract foreign capital and tax exemptions for investors.

Pfister at Commerzbank outlines three scenarios for higher EUR/USD in coming weeks. The pair has retreated towards 1.16 as markets cut European Central Bank (ECB) hike expectations from four moves to about 70 bps.

The USD/JPY pair trades in a tight range around 160.00 during the European trading session on Friday. The pair wobbles as investors await the United States (US) Nonfarm Payrolls (NFP) data for May, which will be published at 12:30 GMT.

The Euro (EUR) is going through a solid recovery against the US Dollar (USD) on Friday, reaching levels a few pips shy of 1.1650 at the time of writing.

Eurozone Employment Change (YoY): 0.5% (1Q)

Eurozone Employment Change (QoQ) in line with expectations (0.1%) in 1Q

The Swiss Franc (CHF) extends gains against the US Dollar (USD) for the second consecutive day on Friday, with the USD/CHF pair hitting session lows at 0.7872 so far, down from nearly two-month highs at 0.7927 earlier in the week.The Swissie is drawing some support from a moderate US Dollar weakness

MUFG’s Derek Halpenny highlights growing signs of United Kingdom (UK) labour market weakness, including a sharp HMRC jobs drop and elevated HR1 redundancy notifications, which could influence Bank of England (BoE) policy.

UOB’s Quek Ser Leang and Lee Sue Ann now see USD/JPY in a neutral, range-trading phase after earlier upside momentum faded.

The Japanese Yen’s (JPY) mild recovery attempt seen during Friday’s Asian session has been short-lived.

The Australian Dollar (AUD) is navigating rough waters, in the stark divergence between persistent domestic inflation and slowing economic growth.

UOB’s Quek Ser Leang and Lee Sue Ann highlight lingering downside momentum in AUD/USD after recent declines, with the pair hovering just above 0.7120 support. A clear break below 0.7120 could open the way toward 0.7095, while resistance is seen at 0.7150–0.7165.

The Euro (EUR) moves higher for the third consecutive day against the British Pound (GBP) on Friday, although bulls are failing to find acceptance above 0.8655.

The GBP/USD pair holds modest gains near 1.3420 during the European trading hours on Friday. Despite the intraday rebound, the pair is set to register its second straight weekly loss as tensions in the Middle East weigh.

Silver price (XAG/USD) depreciates after registering modest gains in the previous day, trading around $72.50 per troy ounce during the Asian hours on Wednesday.

The USD/CAD pair trades marginally lower at around 1.3900 during the European trading session on Friday. The Loonie pair is expected to trade with caution in the countdown to the United States (US)-Canada labor market data for May, which will be published at 12:30 GMT.

The NZD/USD pair trades with mild gains around 0.5865 during the early European session on Friday, bolstered by hawkish signals from the Reserve Bank of New Zealand (RBNZ). All eyes will be on the US Nonfarm Payrolls data for May, which is due later on Friday. 

DBS Group Research’s FX & Credit Strategist Chang Wei Liang notes that USD/JPY is trading close to 160, a level seen as a potential trigger for FX intervention.

The Japanese Yen (JPY) edges up against the US Dollar (USD) on Friday, but the USD/JPY pair remains above 159.90 at the time of writing, unable to put a significant distance from the 160.00 level, considered the limit of tolerable JPY weakness for Japanese authorities.

Ghose at Commerzbank expects Turkey’s May Consumer Price Index (CPI) to show only modest month-on-month moderation after April’s spike, keeping inflation momentum uncomfortably high.

UOB’s Quek Ser Leang and Lee Sue Ann see EUR/USD consolidating near 1.16 with momentum indicators flattening intraday, but the broader bias tilting lower.

AUD/USD depreciates after registering minor gains in the previous day, trading around 0.7120 during the Asian hours on Friday. The technical analysis of the daily chart shows the pair consolidating sideways within a rectangle pattern, as neither bulls nor bears gain control.