Summary: Broad weakness on the USD after the dismal US Non-Farm Payrolls print for July 2026, with the lowest labor participation in 5 years. The EUR/USD is currently trading 0.34% higher as the USD weakened following the dismal US Non-farm Payrolls Report. The USD/JPY briefly violated the 157.64 support level before bulls stepped in to push prices back as profit-taking ensued. The pair continues to test this support level vigorously, as U.S. bond yields are trading lower on the day. Below this level, additional support comes in at 154.50-154.26, the support zone bounded by the 5 December-17 December 2025 lows and the 78.6% Fibonacci retracement level.