US markets closed for July 4th after a disappointing non-farm payrolls report. Thin liquidity could trigger Japan intervention on USD/JPY. Also monitor US-Iran headlines.
US markets are closed Friday for the July 4th holiday. The week's main data point came Thursday: June non-farm payrolls added 57,000 jobs, well below the 110,000 consensus. The dollar fell on the miss.
Stocks finished mixed. The Dow gained 1.1% as rotation into value names accelerated. The Nasdaq dropped 0.8%, with chipmakers and hardware stocks taking the biggest hits. Mega-cap tech also slid. Meta shed 4.9%, and Nvidia closed lower.
Without US trading, liquidity will be thin. The focus turns to USD/JPY, which retreated toward 161.00 this week. A low-liquidity session raises the risk of intervention by Japan's Ministry of Finance. The pair last drew official action in early May. Also keep an eye on US-Iran developments in the Middle East.
Meta's 4.9% decline gives it an Alpha Score of 65/100 (Moderate) on our model. For a broader take on forex positioning, see our forex market analysis.
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