Session Recap: USD/JPY extends losses ahead of NFP

FXstreet.com (Córdoba) - Following the strong selloff seen last New York session, the USD managed to stabilize and is taking a breather before the US employment report, although yen strength has continued to drag USD/JPY lower.

EUR/USD is steady around 1.3250 and GBP/USD is just below 1.5600. However, USD/JPY remains under pressure, having printed a fresh 2-month low of 95.27 ahead of the American opening. Meanwhile, the Aussie gave up yesterday's gains and slipped back to the 0.9500 area.

Elsewhere, Asian stocks closed lower, while European markets and US futures trade into the red as well.

Main Headlines in Europe:

Germany: Trade surplus widens slightly in April

UK: Goods Trade deficit narrows more than expected in April

Flash: FX Majors hold mixed outlook - UBS

UK: Consumer Inflation Expectations at 3.6%

Buba lowers German growth outlook

Commodities Brief: The bulls are back for correlated commodity markets

Germany: Annual Industrial Production rises 1% in April, against expectations