The Japanese yen is the top performer in early US trade with an advance of 0.43% against the dollar. A weaker-than-expected print on April non-farm payrolls weighed heavily on broader risk sentiment after the report showed the addition of just 115K jobs last month, missing consensus estimates calling for a print of 160K. While the unemployment rate surprisingly declined to 8.1% from 8.2%, it’s important to note that the decline can largely be attributed to discouraged workers leaving the labor force with participation rate falling from 63.8% to 63.6%. The data prompted risk aversion flows that have continued to ... (full story)