Following strong US employment data, the dollar/yen surged into the 148 yen region.

【2/2Market overview

Tokyo time, USD/JPY is little moved ahead of the U.S. payrolls data146around the lower- to mid-140s area. In European trading, USD/JPY146.62rises toward the 146 yen level but lacks a clear direction.NYtime,1month U.S. employment reportNFP(non-farm payrolls) came in above expectations,35.3million versus the forecast18.0million, and the unemployment rate3.7% versus the forecast3.8to improve. Average hourly earnings were0.6% vs. the forecast0.3% and year-over-year4.5% vs. the forecast4.1%, generally showing solid details, which pushed U.S. 10-year Treasury yields higher and sent USD/JPY up to148.58