USD/JPY in Focus as Shaky US Jobs Report Rattles Markets Ahead of ISM

USD/JPY has emerged as a key pair on traders' watchlists following a disappointing US jobs report that has injected uncertainty into the dollar's near-term trajectory. The weaker-than-expected employment data has raised concerns about the resilience of the US labor market, prompting a reassessment of Federal Reserve rate expectations. Major US equity indices including the Nasdaq 100, S&P 500, and Dow Jones Industrial Average are also reflecting the cautious mood, with risk sentiment remaining fragile. Market participants are now turning their attention to the upcoming ISM Services PMI release, which will provide further clarity on the health of the US economy's largest sector. A soft ISM reading could compound dollar weakness, potentially pushing USD/JPY toward lower support levels. Conversely, a resilient services print may stabilize the greenback. Traders should watch the 200-day moving average on USD/JPY as a critical technical reference point, while broader risk appetite gauges will likely drive short-term directional bias across major pairs.