USD/JPY weakens despite strong US NFP as intervention risks cap gains

USD/JPY trades with a mild downside bias on Friday as lingering intervention fears support the Japanese Yen (JPY), even as the US Dollar (USD) remains firm against its major peers following the upside surprise in US Nonfarm Payrolls (NFP) data. USD/JPY under pressure as intervention fears cap gains despite a firm US Dollar.Markets remain cautious near the 160… USD/JPY trades with a mild downside bias on Friday as lingering intervention fears support the Japanese Yen (JPY), even as the US Dollar (USD) remains firm against its major peers following the upside surprise in US Nonfarm Payrolls (NFP) data. USD/JPY under pressure as intervention fears cap gains despite a firm US Dollar.Markets remain cautious near the 160 level amid persistent warnings from Japanese authorities.Solid US data support US Dollar and strengthen expectations that Fed could keep rates unchanged for longer.USD/JPY trades with a mild downside bias on Friday as lingering intervention fears support the Japanese Yen (JPY), even as the US Dollar (USD) remains firm against its major peers… For traders, the practical value is less about the headline alone and more about how it changes context, sentiment and the quality of the next decision. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.