US dollar falls on signs of slack building in the jobs market

<p>There were surely some cheers in Japan following today's US non-farm payrolls report. The softer reading and details have weighed heavily on the dollar, dropping USD/JPY through 150.00 and down to 149.30.</p><p>USD/JPY came into the week in a precarious position with the BOJ, Fed and US jobs report on tap. They've now run the gauntlet and left the pair weaker than last Friday.</p><p>More broadly, the US dollar is 50-80 pips softer across the board. Commodity currencies are taking advantage as the move has been coupled with falling Treasury yields and a boost to equity futures.</p><p>The next risk to the dollar come in just over an hour when the ISM services report will be released.</p>

This article was written by Adam Button at www.forexlive.com.