5/7/2021 5:03:20 PM GMT Dollar loses ground after dismal US payroll data. USD/JPY directionless until Friday’s NFP disappointment. US equity and credit markets recover after initial shock. Labor shortage may fuel wage inflation, Treasury yields resilient. FXStreet Forecast Poll is neutral on USD/JPY prospects. The USD/JPY dozed from Monday’s open at 109.36 to Friday’s 109.17 approach to the US Nonfarm Payrolls report (NFP), then woke with a start as the US economy added just one-quarter of the expected jobs. American firms hired 266,000 people in April and the unemployment rate rose to 6.1%, according to the US Department of Labor. A far better report had been expected with a 978,000 consensus estimate for payrolls and a 5.8% unemployment rate.