US FX WRAP: NFP headline beat fails to give USD a sustained move higher; JPY outperforms
The NFP report showed stronger-than-expected job growth, but the USD's inability to sustain upward momentum suggests underlying weakness in broader dollar demand.
Arconic Corp. is looking to buy about 90mln pounds of Aluminum in the spot market for the second quarter, a shift from its past practice of making a majority of its raw material purchases through annual contracts, via Bloomberg
Novo Nordisk (NOVOB DC) aims to start selling its Wegovy in vials, Bloomberg reports
US FX WRAP: NFP headline beat fails to give USD a sustained move higher; JPY outperforms
TREASURY WRAP: T-NOTE FUTURES (H6) SETTLE 7+ TICKS LOWER 112-09
Walt Disney (DIS) Japan seeks to leverage its intellectual property from theatrical releases and streaming to grow its presence in Japan amid the dominance of domestic movies, via Nikkei citing commentary from President Hiiro
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Meanwhile, the JPY's outperformance indicates that market sentiment may favor safety or that other factors, such as Japan's monetary policy stance, are influencing currency movements more significantly than the US employment data.
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