The USD/JPY rallied sharply inside the Ichimoku cloud (Kumo) after the US Bureau of Labor Statistics (BLS) revealed that the latest jobs report added over 254K employees to the workforce.

The Australian Dollar dropped during the North American session after September’s jobs report in the United States (US), suggesting that the Federal Reserve (Fed) would not cut rates by 50 basis points (bps) at the November meeting.

The Canadian Dollar (CAD) slipped further on Friday, driven lower by a broad-market extension of recent Greenback bidding that sent the US Dollar higher across the board after US Nonfarm Payrolls (NFP) figures widely outran expectations.

The Mexican Peso appreciated against the US Dollar on Friday, sponsored by an outstanding jobs report in the United States (US) that set aside recessionary fears in the largest economy in the world.

USD/CAD rises sharply to near 1.3600 after stronger-than-expected US labor market report.

EUR/GBP pulls back down to the base of its multi-month range at 0.8380 after shooting higher on Thursday, October 3, as a result of comments made by the Governor of the Bank of England (BoE) Andrew Bailey.

GBP/CAD is unfolding a down leg within a rising channel. It will probably continue lower to at least the blue 100-day Simple Moving Average (SMA) at 1.7641.

USD/CHF decisively breaks out of the top of its multi-week range, probably ending its protracted sideways market trend.

USD/JPY breaks clearly above the 147.24 October 3 high on an intraday basis which suggests a continuation of the short-term uptrend with a tentative target at 149.40, the August 15 high.

GBP/USD has the potential to trade within a higher 1.30-1.40 range through 2025, DBS’ FX analysts Philip Wee and Chang Wei Liang note.

EUR/USD is poised to move into a higher 1.10-1.15 range through 2025, DBS’ FX analysts Philip Wee and Chang Wei Liang note.

There’s a risk of EUR/USD dipping back to the 1.10 level in the coming weeks, Rabobank’s FX analyst Jane Foley notes.

The US Dollar (USD) is likely to trade in a range, probably between 146.00 and 147.40.

USD/SGD has corrected higher for 4 consecutive days this week, tracking the uptick in USD.

The New Zealand Dollar (NZD) could continue to weaken; oversold conditions suggest any decline is unlikely to break below the significant support at 0.6170.

USD/JPY recent rally can be attributed to comments from new PM Ishiba and Governor Ueda.

The AUD/USD pair remains offered near the key resistance of 0.6850 in Friday’s European session.

The Australian Dollar (AUD) could continue to weaken, but it does seem to have sufficient momentum to break clearly below 0.6820 for now.

The Pound Sterling (GBP) finds buying interest near the round-level support of 1.3100 against the US Dollar (USD) in Friday’s London session.

Markets keep a moderate bearish bias on EUR/USD in the near term, even if their baseline expectation for a tick higher in US unemployment should offer a respite today, ING’s FX strategist Francesco Pesole notes.

The Pound Sterling (GBP) fell after BoE Governor Bailey unexpectedly spoke about adopting a more aggressive easing stance.

Weakness has not stabilized. The Pound Sterling (GBP) could dip to 1.3080 before stabilisation can be expected.

The Euro (EUR) is expected to trade between 1.1000 and 1.0050.

The Mexican Peso (MXN) fluctuates between minor gains and losses on Friday during the European session after clocking up four successive up days in all three of its most-traded pairs: USD/MXN, EUR/MXN, and GBP/MXN.

The USD/CHF pair reverses an intraday dip to the 0.8500 psychological mark and climbs back closer to a three-week top during the first half of the European session on Friday.

Here is what you need to know on Friday, October 4: The US Dollar (USD) Index, which tracks the USD's valuation against a basket of six major currencies, extended its weekly uptrend and registered its highest daily close since mid-August on Thursday.

The GBP/JPY cross finds some near the 191.70 region on Friday and for now, seems to have stalled the overnight sharp pullback from a one-week high – levels beyond the 195.00 psychological mark.

EUR/USD trades in a tight range above the psychological support of 1.1000 in Friday’s European session.

NZD/USD extends its losing streak, trading around 0.6200 during the early European hours on Friday.

EUR/GBP retraces its recent gains, trading around 0.8390 during the Asian session on Friday.