USD/JPY is down 217 pips on the day to 147.22.It fell as low as 147.03 in the aftermath of the non-farm payrolls report compared to 149.00 just before the data. It's the lowest since March and erases a huge runup in the pair that caused considerable angst for Japanese policymakers.The reversal in fortunes for this pair upended the Nikkei 225 earlier today as it fell 5.8% in its largest fall since 1987. Further declines in this pair could do further damage.The shirt comes on a major rethink of US monetary policy levels following a drop in inflation and a turn in the economy. The US unemployment rate rose to 4.3% compared to 4.1% while 114K jobs were added compared to 175K expected.S&P 500 fut
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