Euro Area Inflation Rate

The U.S. dollar moved off session lows after weaker-than-expected Non Farm Payrolls data initially pressured the currency. FX traders are now weighing softer labor signals against rising Treasury yields and key technical levels across major pairs.

The U.S. Dollar Index retreated from session highs as traders weighed stronger Michigan consumer sentiment against shifting momentum across major currency pairs. EUR/USD rebounded on Euro Area inflation data, while USD/JPY remained highly volatile after suspected Bank of Japan support for the yen.