The dollar slid sharply this week and is poised for its largest weekly decline since April after U.S. June jobs softened and markets trimmed the near-term Fed rate path; the dollar index fell about 0.5% on the week. EUR/USD rose to 1.1440, up roughly 0.5% for the week. GBP/USD climbed to 1.3352, gaining about 1.1% and marking its best weekly performance in nearly three months. USD/JPY, having retreated from near a 40-year high, fell to around 161 but remains elevated. Japanese finance and cabine

The dollar slid sharply this week and is poised for its largest weekly decline since April after U.S. June jobs softened and markets trimmed the near-term Fed rate path; the dollar index fell about 0.5% on the week. EUR/USD rose to 1.1440, up roughly 0.5% for the week. GBP/USD climbed to 1.3352, gaining about 1.1% and marking its best weekly performance in nearly three months. USD/JPY, having retreated from near a 40-year high, fell to around 161 but remains elevated. Japanese finance and cabinet officials reiterated close market monitoring and said they stand ready to intervene in FX markets. Analysts say the dollar is clearly tracking employment data and rate expectations; further weak economic releases could extend dollar pressure, while the yen’s sustainability depends on the U.S.-Japan rate differential and any Japanese policy action.