The last week`s major loser is considered to be the Yen, which suffered a lot after the release of America's Non-Farm Payroll data. The Japanese currency reached its year lows versus the EUR and GBP correspondently 138.69 and 163.08. The fall was also considerable against the Dollar as the pair hit the June`s low of 97.76.
As a result of the US NFP report, risk appetite of Forex traders rose sharply. With a surprisingly heavy news week for the Japanese currency ahead of traders, the bearishness is likely to continue this week, since many are expecting positive results which may likely boost the appetite for risk in the market and thus put additional selling pressure on the Dollar and Yen.